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Canadian Dollar and Business Outlook: Loonie down, TSX, gold rise

Published: 3 hours ago

Glacier FarmMedia — The Canadian dollar leaned lower on Monday morning.

     The loonie was at US$0.7155 or US$1=C$1.3976 as of 8:32 a.m. CDT, compared to Friday’s close at US$0.7167 or US$1=C$1.3953.

     The United States Dollar Index was up 0.57 of a point at 98.29 as the federal government shutdown entered its second week.

     Crude oil prices were higher on Monday, after OPEC+ reduced its November output increase by less than what the market expected.

     Brent crude oil added US$0.61 per barrel at US$65.14/barrel. West Texas Intermediate was up US$0.45 at US$61.33/barrel.

     The TSX/S&P Composite Index jumped 193.82 points at 30,665.50.

     Gold surged US$47.60 per ounce at $3,956.50.

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