Forex
Loonie and Oil Prices Slide Amid Trade Tensions
The Canadian dollar softened on Wednesday, trading at US$0.7207 or C$1=US$1.3876, down from Tuesday's value of US$0.7226 or C$1=US$1.3839.
The decline in the loonie was mirrored by a drop in crude oil prices, with West Texas Intermediate falling to US$81.91 per barrel and Brent crude erasing US$1.13/barrel at US$87.45.
Trade tensions weighed on the TSX/S&P Composite Index, causing it to lose 143.98 points and close at 36,813.65, after earlier reaching a new all-time high of 37,069.11.