By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Monday, with the United States dollar and crude oil effectively balancing off each other.
The loonie closed at US$0.7262 or US$1=C$1.3770 compared to Friday’s close of US$0.7263 or US$1=C$1.3769. On the U.S. Dollar Index, the greenback shed 0.064 of a point at 97.960.
Benchmark crude oil prices were lower on Monday, as concerns regarding a global oversupply outweighed output issues in Venezuela and ongoing talks for a Russia-Ukraine peace deal.
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West Texas Intermediate gave up 76 cents at US$56.68 and Brent crude lost 71 cents at US$60.41 per barrel.
Statistics Canada reported that inflation in November held steady at an annualized rate of 2.2 per cent. StatCan also said total manufacturing sales in October dropped one per cent at C$71.5 billion.
The Canadian Real Estate Association said on Monday that November home sales fell 10.7 per cent from a year ago and that the market is now in a holding pattern going into 2026.
The TSX Composite Index eased back on Monday, dipping 43.95 points at 31,483.44.
Gold added US$7.70 at US$4,336.00 per ounce.
