WINNIPEG – The Canadian dollar started the month of May with a bit of strength.
The loonie was at US$0.7374 or US$1=C$1.3561, up from US$0.7365 or US$1=C$1.3578 on Friday. Meanwhile, the United States Dollar Index added 0.05 of a point at 101.71.
Crude oil was down due to concerns over China’s economic recovery. Brent crude oil lost US$1.29 to US$79.04 per barrel. West Texas Intermediate (WTI) retreated US$1.37 at US$75.41/barrel.
The TSX/S&P Composite Index rose 92.73 points to 20,729.27.
Gold jumped US$14.20 per ounce to US$2,013.30.
