TORONTO — The loonie strengthened against a weakening U.S. dollar that slid as President Donald Trump dissolved two of his business advisory councils, including one on manufacturing.
The Canadian dollar was trading at an average price of 78.75 cents US, up 0.35 of a U.S. cent.
Stock indices remained relatively flat, with the S&P/TSX composite index shedding 15.63 points to 15,082.21.
In New York, the Dow Jones industrial average gained 25.88 points to 22,024.87 and the S&P 500 index advanced 3.50 points to 2,468.11. The Nasdaq composite index rose 12.10 points to 6,345.11.
The September crude contract fell 77 cents to US$46.78 per barrel, while the December gold contract gained US$3.20 to US$1,282.90 an ounce.
The September natural gas contract fell 4.5 cents to US$2.89 per mmBTU and the September copper contract rose about seven cents to US$2.95 a pound.
The Canadian Press
