By MarketsFarm
WINNIPEG, Oct. 30 (MarketsFarm) – The Canadian dollar bumped up on Monday morning, due to a slip in the United States dollar and an increase in domestic crude oil.
As of 8:38 am CDT, the loonie was at US$0.7233 or C$1.3825, compared to Friday’s close of US$0.7217 or US$1=C$1.3857. On the U.S. Dollar Index, the greenback lost 0.235 of a point at 106.145.
Benchmark crude oil prices pulled back on Monday morning, with Middle East tensions simmering as Israel’s ground assault into the Gaza Strip intensified.
Brent crude oil gave up US$1.58 at US$88.90 per barrel, and West Texas Intermediate dropped US$1.69 at US$83.85, while Western Canadian Select advanced US$1.85 US$67.90.
Shortly after Monday’s open the TSX/S&P Composite Index added 191.90 points at 18,929.29.
Gold climbed US$12.90 at US$2,011.40 per ounce.
