By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar was higher on Monday, propelled by declines in the United States dollar and upticks in crude oil.
The loonie closed at US$0.7274 or US$1=C$1.3748 compared to Friday’s close of US$0.7256 or US$1=C$1.3781. On the U.S. Dollar Index, the greenback gave up 0.297 of a point at 97.955.
Benchmark crude oil prices increased on Monday, due to supply disruptions in Venezuela and Russia.
West Texas Intermediate added US$1.42 at US$57.94 per barrel and Brent crude gained US$1.54 at US$62.01/barrel.
The TSX Composite Index advanced 244.33 points on Monday to set a new record close of 32,000.10.
Gold jumped US$90.50 to also set a new record close of US$4,477.80 per ounce.
