Canadian Dollar and Business Outlook: Loonie up, crude oil plunges WINNIPEG, March 29 (MarketsFarm) - The Canadian dollar made early gains on Tuesday while also decoupling from crude oil. As of 8:37 a.m. CDT, the loonie was at US$0.7991 or US$1=C$1.2514, compared to US$0.7974 or US$1=C$1.2541 on Monday. The Canadian government will table its new carbon emissions reduction plan in Parliament later today. The United States Dollar Index dropped 0.93 of a point at 98.16. Benchmark crude oil prices continued their decline on Tuesday after reports that Russia's military said it would significantly cut back military activity in the Ukrainian capital city of Kyiv, as well as the northern city of Chernihiv. Brent crude oil fell US$6.93 per barrel to US$105.55. West Texas Intermediate (WTI) plunged US$6.66 to US$99.30/barrel. Western Canadian Select (WCS) subtracted US$3.32 to US$88.76/barrel. The TSX/S&P Composite Index lost 56.08 points to 21,921.75. Gold shed US$43.90 per ounce to US$1,900.80. END