WINNIPEG – The Canadian dollar was slightly lower on Monday morning.
As of 8:33 a.m. CDT, the loonie was at US$0.7289 or US$1=C$1.3719, compared to US$0.7292 or US$1=C$1.3714 on Friday. On Wednesday, the Bank of Canada will announce its next raise of the key interest rate.
The United States Dollar Index jumped 0.33 of a point at 112.34.
Despite an underwhelming economic report from China released this morning, crude oil was only slightly lower on Monday. Brent crude oil lost US$0.31 per barrel to US$93.19. West Texas Intermediate (WTI) deducted US$0.30 at US$84.75/barrel. Meanwhile, Western Canadian Select (WCS) was down US$0.11 to US$59.27/barrel.
The TSX/S&P Composite Index rose 44.10 points to 18,905.05.
Gold dropped US$3.90 per ounce to US$1,652.40.
