Glacier FarmMedia — The Canadian dollar closed Monday on a high note, buoyed by gains in crude oil. The loonie rose to US$0.7133 or US$1=C$1.4020 on Monday, compared to US$0.7111 or US$1=C$1.4063 on Friday.
The United States Dollar Index was down 0.03 of a point at 99.58. On Sunday, the U.S. Senate passed a motion to provide funding to the government in an effort to end the longest shutdown in U.S. history.
Crude oil prices were up due to optimism that the U.S. government shutdown will end soon. West Texas Intermediate added US$0.41 per barrel at US$60.16. Brent crude oil was up US$0.45/barrel at US$64.08.
Stock markets surged as the TSX/S&P Composite Index gained 404.44 points to close at 30,316.63.
Gold jumped US$110.40 per ounce at US$4,120.20.
