By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Monday following modest increases in the United States dollar and crude oil prices.
The loonie finished at US$0.7242 or US$1=C$1.3809, compared to Friday’s close of US$0.7243 or US$1=C$1.3806. The U.S. Dollar Index added 0.258 of a point at 97.970.
Benchmark crude oil prices were higher on Monday as some progress to an end to Russia’s invasion of Ukraine was made at a multi-lateral meeting at the White House.
West Texas Intermediate increased 53 cents at US$63.33 and Brent crude was up 67 cents at US$66.52 per barrel.
The TSX Composite Index nudged upward 17.36 points on Monday to close at 27,922.85.
Meanwhile, gold backtracked US$4.50 at US$3,378.10 per ounce.
