Glacier FarmMedia – The Canadian dollar was unchanged coming out of the weekend while crude oil prices dropped.
The loonie was at US$0.7390 or US$1=C$1.3532 as of 8:31 a.m. CDT. The United States Dollar Index declined by 0.16 of a point at 99.49.
Crude oil prices fell this morning after U.S. President Donald Trump said conversations between the U.S. and Iran were “very good and productive” while extending his deadline for the latter to open the Strait of Hormuz by five days.
West Texas Intermediate retreated US$8.01 at US$90.22 per barrel. Brent crude oil fell US$9.91 at US$102.28/barrel.
The TSX/S&P Composite Index gained 243.26 points at 31,560.67.
Gold shed US$158 per ounce at US$4,416.90.
