Glacier FarmMedia – The Canadian dollar took a small step higher on Monday, as well as crude oil prices.
The loonie was at US$0.7190 or US$1=C$1.3908 as of 8:44 a.m. CDT, compared to Thursday’s close at US$0.7185 or US$1=C$1.3918. The United States Dollar Index was down 0.17 of a point at 99.86.
Crude oil prices were slightly higher after the U.S. and Iran rejected a ceasefire proposal brokered by Pakistan to end the war over the weekend. U.S. President Donald Trump threatened to “rain hell” on Iran if a deal is not reached by Tuesday.
West Texas Intermediate advanced US$0.71 at US$112.25 per barrel. Brent crude oil added US$0.22 at US$109.25/barrel.
The TSX/S&P Composite Index gained 19.78 points at 33,128.00.
Gold was up US$17.70 per ounce at US$4,697.40.
