Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back on Tuesday as United States markets resumed trading after the Memorial Day weekend.
The loonie was at US$0.7263 or US$1=C$1.3768 as of 8:32 a.m. CDT, compared to Monday’s close at US$0.7283 or US$1=C$1.3731. The U.S. Dollar Index was up 0.11 of a point at 99.22.
Crude oil prices declined on Tuesday, the day before OPEC+ meets to finalize output hikes starting in July. Brent crude oil was down US$0.44 per barrel at US$64.30 per barrel and West Texas Intermediate dropped US$0.45 at US$61.08/barrel.
The TSX/S&P Composite Index gained 71.52 points at 26,144.65.
Gold fell US$70.40 per ounce at $3,295.40.
