WINNIPEG – The Canadian dollar received a slight bump upwards on Monday morning despite a reversal in crude oil prices.
As of 8:36 a.m. CST, the loonie was at US$0.7860 or US$1=C$1.2723, compared to US$0.7838 or US$1=C$1.2758 on Friday.
The United States Dollar Index was up 0.10 of a point at 95.58.
For the first time in nearly a week, crude oil prices declined to halt a strong rally as optimism increases for a new nuclear deal with Iran. Brent crude oil decreased US$0.59 per barrel at US$92.68. West Texas Intermediate (WTI) dropped US$0.89 to US$91.42/barrel. Western Canadian Select (WCS) lost US$0.66 to US$77.71/barrel.
The TSX/S&P Composite Index added 36.47 points to 21,308.32.
Gold rose US$7.50 per ounce to US$1,815.30.
