The Canadian dollar made a small advance on Wednesday morning.
The loonie was at US$0.7187 or US$1=C$1.3914 as of 8:37 a.m. CDT, compared to Tuesday’s close of US$0.7180 or US$1=C$1.3927. The United States Dollar Index was down 0.13 of a point at 99.70.
The American Petroleum Institute estimated U.S. crude oil inventories grew by 9.072 million barrels in the week ended Aug. 7 after analysts expected a 500,000-barrel draw. Brent crude oil dipped US$0.57 at US$88.34 per barrel. West Texas Intermediate declined US$0.43 at US$82.77/barrel.
The TSX/S&P Composite Index jumped 105.27 points at 36,581.19.
Gold rose US$41.70 per ounce at US$4,482.80.
