Glacier FarmMedia | MarketsFarm – The Canadian dollar retreated as United States markets re-opened after the Independence Day weekend.
The loonie closed the day at US$0.7323 or US$1=C$1.3656, compared to US$0.7350 or US$1=C$1.3605 on Friday.
The U.S. Dollar Index gained 0.29 of a point at 97.47.
Benchmark crude oil prices corrected themselves on Monday after they dropped over the weekend. OPEC+ announced on Sunday its planned output hike in August will be larger than expected. Despite that, West Texas Intermediate was up US$1.02 per barrel at US$68.02. Brent crude oil rose US$1.33/barrel at US$69.63.
Although the TSX/S&P Composite Index reached an all-time high of 27,100.16 points during today’s session, it ended the day with a 15.88-point loss at 27,020.28.
Gold added US$3.50 per ounce at $3,346.40.
