WINNIPEG – The Canadian dollar remains steady as oil prices continue to rise with the fighting in Ukraine.
As of 8:35 a.m. CST, the loonie was at US$0.7845 or US$1=C$1.2747, compared to US$0.7843 or US$1=C$1.2750 on Friday.
After nearly hitting the 100 point mark earlier in the day, the United States Dollar Index is at 98.74, up 0.09 of a point.
A potential ban on Russian imports to the U.S. and delays in the completion of a new Iranian nuclear deal all fueled rises in crude oil prices. Brent crude oil increased US$1.29 per barrel to US$119.40. West Texas Intermediate (WTI) was up US$0.46 to US$116.14/barrel. Western Canadian Select (WCS) jumped US$2.48 to US$105.05/barrel.
The TSX/S&P Composite Index added 61.95 points to 21,464.38.
Gold advanced US$9.10 per ounce to US$1,975.70.
