Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back to start the week.
The loonie was at US$0.7331 or US$1=C$1.3641 as of 8:22 a.m. CDT, compared to Friday’s close at US$0.7350 or US$1=C$1.3605.
The United States Dollar Index gained 0.24 of a point at 97.42.
Crude oil prices were higher after dropping over the weekend. OPEC+ announced a plan to raise output by 548,000 barrels per day in August, more than the previously expected figure of 411,000.
Brent crude oil was up US$0.62 per barrel at US$68.92/barrel. West Texas Intermediate added US$0.31 at US$67.31/barrel.
The TSX/S&P Composite Index subtracted 17.48 points at 27,018.68.
Gold lost US$24.10 per ounce at $3,318.80.
