Glacier FarmMedia – The Canadian dollar was virtually unchanged on Monday, while crude oil prices made minimal gains.
The loonie closed at US$0.7186 or US$1=C$1.3916, compared to US$0.7185 or C$1=C$1.3918 on Thursday. The Bank of Canada did not post a closing exchange rate on April 3 due to the Good Friday holiday. The United States Dollar Index dipped 0.08 of a point at 99.95.
The U.S. and Iran rejected a Pakistan-brokered ceasefire proposal over the weekend, while U.S. President Donald Trump threatened to “rain hell” on Iran if a deal was not made by Tuesday. Since Thursday, some vessels including an Omani-operated tanker, a French-owned container ship and a Japanese-owned gas carrier were allowed to pass through the Strait of Hormuz.
West Texas Intermediate gained US$0.77 per barrel at US$112.31. Brent crude oil added US$0.44/barrel at US$109.43.
The TSX/S&P Composite Index advanced 73.75 points at 33,181.97.
Gold was up US$1.70 per ounce at US$4,681.40.
