(Photo: Troy Gillard / RD News NOW)

Uptick in price of crude helps loonie climb despite trade deficit

By The Canadian Press
July 6, 2016 - 2:41pm

TORONTO - An uptick in oil prices helped the Canadian dollar climb higher, despite new figures showing Canada hit a record trade deficit in April.

The loonie gained 0.34 of a U.S. cent to 77.17 cents US.

The August contract for benchmark crude added 83 cents to US$47.43.