WINNIPEG – The Canadian dollar slightly eased off coming out of the Victoria Day weekend.
The loonie was at US$0.7403 or US$1=C$1.3508, down from US$0.7406 or US$1=C$1.3503 on Friday. The Bank of Canada (BoC) did not post its exchange rate on Monday due to the Victoria Day holiday.
The United States Dollar Index added 0.32 of a point at 103.52.
Crude oil is moving upwards as the U.S. government tries to reach a deal to raise the debt ceiling in order to avoid a massive default. Brent crude oil increased US$0.66 to US$76.65 per barrel. West Texas Intermediate (WTI) rose US$0.74 at US$72.79/barrel.
The TSX/S&P Composite Index lost 93.68 points to 20,257.38.
Gold dropped US$9.70 per ounce to US$1,967.50.
