Canadian financial close: C$ strengthens Monday

Glacier FarmMedia — The Canadian dollar was stronger on Monday, despite soft inflation data and losses in crude oil.

• The Canadian dollar settled at US$0.7313 or US$1=C$1.3675, which compares with Friday’s close of US$0.7291 or US$1=C$1.3716.
• Canada’s consumer price index (CPI) increased by 1.8 per cent on an annual basis in February, slowing from the 2.3 per cent year-on-year growth reported in January, reported Statistics Canada.
• Also, StatCan said an estimated 114,415 new vehicles were sold in Canada in January 2026. That was 5.6 per cent lower than the same month a year ago, with sales in dollar terms down 6.1 per cent.
• The war in the Middle East remained the focus of world energy markets, with oil posting losses despite the continued disruptions to movement in the region. West Texas Intermediate crude oil was down by 5.36 per cent at US$93.42 per barrel.
• The TSX Composite Index was up by 334.72 points at 32,876.65 points.
• Gold was 0.78 per cent lower at US$5,022.20 per ounce.

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