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TSX goes down, but Canadian dollar gains from higher oil prices and weak U.S. dollar
 Higher oil prices and a weaker U.S. dollar are helping to boost the Canadian currency. 10.Jun.16 3:00 AM By Anastasia Sutulova Photo Toinnov.com |
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The Canadian dollar went up by nearly half a cent of a U.S. dollar and stopped at 78.76 cents US. July crude contract increased by 87 cents and settled at US$51.23 which helped to boost the loonie. Gold saw the same rise with the August bullion contract rose $15.30 to US$1,262.30 an ounce. There were no changes in the the July natural gas contract (US$2.47 per mmBTU), while July copper contracts rose to US$2.06 a pound. | |
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