Glacier FarmMedia – The Canadian dollar made a small gain coming out of the weekend on Monday morning.
The loonie was at US$0.7178 or US$1=C$1.3931 as of 8:27 a.m. CDT, compared to Friday’s close at US$0.7173 or US$1=C$1.3941.
The United States Dollar Index was down 0.30 of a point at 97.86.
Crude oil prices tumbled due to the resumption of exports from Iraq and plans from OPEC+ for another output hike in November.
Brent crude oil fell US$1.52 per barrel at US$68.61/barrel. West Texas Intermediate lost US$1.64 at US$64.08/barrel.
The TSX/S&P Composite Index rose 156.24 points at 29,917.52.
Gold jumped US$43.30 per ounce at $3,852.30.
Some Canadian markets and government offices will be closed Tuesday for the National Day for Truth and Reconciliation.
