Commodities
Loonie Dives Below 71 US Cents Amid TSX Decline
The Canadian dollar has continued its downward trend, falling below 71 US cents for the first time since July.
As of 8:43 a.m. CDT on Wednesday, the loonie was trading at US$0.7091 or US$1=C$1.4102, down from US$0.7110 or US$1=C$1.4065 earlier in the day.
The decline of the Canadian dollar comes as the U.S. Dollar Index rose 0.26 points to 100.86.
Crude oil prices saw a boost on Wednesday, with Brent crude oil increasing by US$1.43 at US$100.68 per barrel and West Texas Intermediate advancing by US$0.78 at US$91.30/barrel.