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Canadian Financial Close: C$ steady Monday

Published: 16 hours ago

Glacier FarmMedia — The Canadian dollar was unchanged at Monday’s close, lacking any clear direction.

     The Canadian dollar settled at US$0.7125 or US$1=C$1.4036, which compares with Friday’s close of US$0.7125 or US$1=C$1.4035.

     Canada’s Industrial Product Price Index was up by 0.8 per cent in September compared to the previous month, marking a 5.5 per cent annual increase, reported Statistics Canada. The Raw Materials Price Index was up by 1.7 per cent on the month and 8.4 per cent annually.

     The continued shutdown of the U.S. government and resulting lack of economic data remained a feature in the financial markets.

     West Texas Intermediate crude oil was down by 0.07 per cent at US$57.50 per barrel.

     The TSX Composite Index gained 307.96 points at 30,416.44 points.

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