By MarketsFarm
WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning despite small upticks in the United States dollar and declines in crude oil prices.
As of 8:37 am CDT, the loonie was at US$0.7349 or C$1.3609, compared to Friday’s close of US$0.7341 or US$1=C$1.3623. On the U.S. Dollar Index, the greenback nudged up 0.0`4 of a point at 104.150.
Benchmark crude oil prices were slightly lower on Monday morning, in a tussle between demand from China and a tentative deal in the U.S. on the government’s debt ceiling.
Brent crude oil lost 68 cents at US$76.27 per barrel and West Texas Intermediate (WTI) shed 44 cents at US$72.23.
Shortly after Monday’s open the TSX/S&P Composite Index tacked on 26.65 points at 19,946.96. The U.S. markets are closed for Memorial Day.
Gold was up US$2.90 at US$1,966.00 per ounce.
