Compiled by MarketsFarm
WINNIPEG, March 27 (MarketsFarm) – The Canadian dollar was higher on Monday morning, on strength in global crude oil prices.
As of 8:38 am CDT, the loonie was at US$0.7300 or C$1.3702, compared to Friday’s close of US$0.7266 or US$1=C$1.3763. On the U.S. Dollar Index, the greenback was slightly lower, easing back 0.164 of a point at 102.595.
Benchmark crude oil prices were higher on Monday morning after exports from Iraqi Kurdistan were halted during the weekend.
Brent crude oil advanced US$1.14 at US$76.13 per barrel and West Texas Intermediate (WTI) added US$1.32 at US$70.58.
Canadian Finance Minister Chrystia Freeland will introduce her next budget Tuesday afternoon.
Shortly after Monday’s opening the TSX/S&P Composite Index bumped up 42.56 points at 19,544.05.
Gold dropped US$35.10 at US$1,948.70 per ounce.
