Your Reading List

Canadian Dollar and Business Outlook: Loonie rises, crude oil declines

Reading Time: < 1 minute

Published: 2 hours ago

Glacier FarmMedia – The Canadian dollar gained some strength to start the week.

     The loonie was at US$0.7361 or US$1=C$1.3585 as of 8:32 a.m. CST, compared to Friday’s close at US$0.7327 or US$1=C$1.3648.

     The United States Dollar Index shed 0.66 of a point at 96.97.

     Crude oil prices declined after the U.S. and Iran pledged to continue nuclear talks, while the Tengiz oil field in Kazakhstan recovered to 60 per cent operating capacity. West Texas Intermediate dipped US$0.24 at US$63.31 per barrel. Brent crude oil dropped US$0.25 at US$67.80/barrel.

     The TSX/S&P Composite Index gained 158.06 points at 32,629.04.

     Gold advanced US$61.20 per ounce at US$5,041.00.

About the author

GFM Network News

GFM Network News

Glacier FarmMedia Feed

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

explore

Stories from our other publications