WINNIPEG – The Canadian dollar took a big step back on Monday morning.
The loonie was at US$0.7333 or US$1=C$1.3637, down from US$0.7396 or US$1=C$1.3520 on Friday. The Bank of Canada (BoC) will not publish a closing exchange rate today due to the National Day For Truth And Reconciliation.
The United States Dollar Index was up 0.40 of a point to 106.63. If the index goes to 107 points, it would be the first time at that level since November 2022. U.S. lawmakers reached a deal to avoid a federal government shutdown last weekend.
Crude oil made gains early Monday. Brent crude oil increased US$0.44 at US$92.64 per barrel. West Texas Intermediate (WTI) was up US$0.24 at US$91.03/barrel.
The TSX/S&P Composite Index shed 121.03 points at 19,420.24.
Gold lost US$14.20 at US$1,851.90 per ounce.
