Glacier FarmMedia — The Canadian dollar was firm Monday morning, finding support from advances in crude oil.
- At 8:59 a.m. CST the Canadian dollar was trading at US$0.7307 or US$1=C$1.3686 which compares with Friday’s close of US$0.7305 or US$1=C$1.3689.
- Investors continued to digest last week’s trade news out of the United States, as the Supreme Court ruled many of President Donald Trump’s tariffs were illegal, but he countered by vowing to impose a broad global tariff on all imports under different legislation. Trump initially said he would enact a 10 per cent global tariff but raised it to 15 per cent over the weekend.
- Gold was up by 2.69 per cent at US$5,217.80 per ounce.
- Crude oil was firm amid the ongoing tensions between the U.S. and Iran. West Texas Intermediate was 0.87 per cent higher at US$67.06 per barrel.
- The TSX was up 17.31 points at 8:59 CST to trade at 33,834.82.
