Glacier FarmMedia | MarketsFarm – The Canadian dollar jumped on Monday morning, approaching the 74 United States cent mark.
The loonie was at US$0.7383 or US$1=C$1.3545 as of 8:30 a.m. CDT, compared to Friday’s close at US$0.7354 or US$1=C$1.3598. Canadian Prime Minister Mark Carney will meet with United States President Donald Trump this morning at the G7 summit in Kananaskis, Alta.
The U.S. Dollar Index was down 0.38 of a point at 97.81, nearing a 52-week low.
Crude oil prices eased Monday as flows were unaffected by the conflict between Israel and Iran. Brent crude oil dropped US$1.20 per barrel at US$73.03/barrel and West Texas Intermediate fell US$1.22 at US$71.76/barrel.
The TSX/S&P Composite Index gained 139.26 points at 26,643.61.
Gold lost US$18.80 per ounce at $3,434.00.
