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Commodities

Loonie Strengthens as Crude Oil Prices Dip

Guavy AI Editorial Team
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Oil
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The Canadian dollar experienced a slight increase on Wednesday morning.

As of 8:37 a.m. CDT, the loonie was trading at US$0.7187 or US$1=C$1.3914, marking a small advance from Tuesday's close of US$0.7180 or US$1=C$1.3927.

The United States Dollar Index saw a decline of 0.13 points to 99.70.

In related news, crude oil prices eased off slightly, with Brent crude dipping US$0.57 at US$88.34 per barrel and West Texas Intermediate declining US$0.43 at US$82.77/barrel.

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