27-Nov-2024
08:43:31
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.
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