By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar gave up two-tenths of a cent on Monday, as it drifted with a lack of guidance from the United States dollar and crude oil.
The loonie closed at US$0.7114 or US$1=C$1.4057 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. Meanwhile, the U.S. Dollar Index tacked on 0.090 of a point at 99.720.
Benchmark crude oil prices were relatively steady on Monday, after OPEC+ said it will raise output slightly in December and then pause any further production increases in the first quarter of 2026.
West Texas Intermediate added three cents at US$61.01 and Brent crude gained six cents at US$64.83 per barrel.
The TSX Composite Index nudged up 14.32 points on Monday to close at 30,275.06.
Gold advanced US$22.30 at US$4,018.80 per ounce.
