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HomeBusiness ReportMIDDAY: Greenback forces oil lower; TSX shows early gains

MIDDAY: Greenback forces oil lower; TSX shows early gains

The American greenback continues its wild swing.

After finishing lower on Friday it is higher today,  putting negative pressure on oil and gold.  Oil is down $1.46 to $53.80 a barrel.  Gold has clawed back a little but is still off over five dollars this morning.

The loonie continues to fall losing 15/100 of a cent to  $0.7617  cents US.

The TSX is up 51 points to 15,557.

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