Canadian Dollar and Business Outlook: Loonie rebounds on Wednesday By MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) - After a sharp drop on Tuesday, the Canadian dollar made up some ground on Wednesday morning. The loonie was at US$0.7113 or US$1=C$1.4059 as of 8:33 a.m. CST, compared to US$0.7101 or US$1=C$1.4082. The United States Dollar Index dropped 0.74 of a point at 106.28. Crude oil increased slightly as observers await the latest supply plans from OPEC+. Brent crude oil was up US$0.07 at US$72.88 per barrel. West Texas Intermediate (WTI) added US$0.12 at US$68.89/barrel. The TSX/S&P Composite Index rose 68.24 points at 25,473.38. Gold spiked US$27.50 per ounce at US$2,648.80. END