WINNIPEG – The Canadian dollar held below the 81-cent United States mark despite rising crude oil prices.
As of 8:32 a.m. CDT, the loonie was at US$0.8084 or US$1=C$1.2370, compared to Friday’s close of US$0.8093 or US$1=C$1.2357.
Benchmark crude oil prices rallied to start the week as Brent crude oil gained US$0.91 per barrel to US$86.44. West Texas Intermediate (WTI) jumped US$1.33 to US$85.09/barrel, its highest level since 2014. Western Canadian Select (WCS) increased US$0.54 to US$69.47/barrel.
The TSX/S&P Composite Index, which has gained for 13 straight days for its longest rally since 1985, rose 41.58 points to 21,257.73.
Gold advanced US$8.60 per ounce to US$1,804.90.
