By MarketsFarm
WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, with pressure from small upticks in the United States dollar and slight declines in crude oil prices.
As of 8:34 am CDT, the loonie was at US$0.7581 or C$1.3189, compared to Friday’s close of US$0.7577 or US$1=C$1.3198. On the U.S. Dollar Index, the greenback gained 0.242 of a point at 102.080.
Benchmark crude oil prices were a pinch lower on Monday morning, as lingering questions over the health of China’s economy outweighed OPEC+ production cuts.
Brent crude oil dipped 21 cents at US$76.40 per barrel and West Texas Intermediate (WTI) shed 25 cents at US$71.53.
Shortly after Monday’s open the TSX/S&P Composite Index eased back 14.29 points at 19,961.08.
Gold lost US$7.50 at US$1,963.70 per ounce.
