By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back on Monday morning, due in part to an increase in the United States dollar.
As of 8:35 am CST, the loonie was at US$0.7255 or US$1=C$1.3782, compared to Friday’s close of US$0.7280 or US$1=C$1.3737.
On the U.S. Dollar Index, the greenback was up 0.242 of a point at 98.400.
Benchmark crude oil prices were modestly higher on Thursday morning, with U.S. action in Venezuela having little effect on the oil market.
West Texas Intermediate gained 65 cents at US$57.97 per barrel and Brent crude added 54 cents at US$61.29.
In morning activity, the TSX/S&P Composite Index climbed 174.75 points at 32,058.12.
Gold jumped US$103.60 at US$4,433.20 per ounce.
