WINNIPEG – The Canadian dollar made a slight gain on Monday to start the week.
As of 8:39 a.m. CDT, the loonie was at US$0.7690 or US$1=C$1.3004, compared to US$0.7672 or US$1=C$1.23035 on Friday.
The United States Dollar Index was down 0.25 of a point at 104.46. U.S. stock and bond markets are closed today in observance of the Juneteenth holiday.
Crude oil prices were mixed on Monday as traders examine whether or not the tightening monetary policy by the U.S. Federal Reserve will result in a recession. Brent crude oil retreated US$0.29 per barrel to US$112.83. Meanwhile, West Texas Intermediate (WTI) added US$0.10 at US$109.66/barrel. Western Canadian Select (WCS) declined US$0.99 to US$90.52/barrel.
The TSX/S&P Composite Index is rebounding off of its worst performing week in two years, rising 107.81 points to 19,038.29.
Gold added US$2.20 per ounce to US$1,842.80.
