By Glen Hallick
Glacier FarmMedia – The Canadian dollar continued to fall back on Monday, in the face of a stronger United States dollar.
The Canadian dollar finished at US$0.7181 or US$1=C$1.3926 compared to Friday’s close of US$0.7207 or US$1=C$1.3875. On the U.S. Dollar Index, the greenback rose 0.363 of a point at 100.345.
Benchmark crude oil prices were higher on Monday afternoon, following U.S. President Donald Trump’s threat to bomb Iranian power and energy facilities, as well as invade the country’s Kharg Island in the Strait of Hormuz.
West Texas Intermediate jumped US$4.89 at US$104.53 per barrel, and Brent crude gained US$1.69 at US$114.26.
The TSX Composite Index dipped 25.71 points on Monday to finish at 32,541.93, after coming away from much larger declines earlier in the session.
Gold added US$11.10 at US$4,535.40 per ounce.
