WINNIPEG – The Canadian dollar moved higher coming out of the Canada Day long weekend.
The loonie was at US$0.7572 or US$1=C$1.3207, up from US$0.7553 or US$1=C$1.3240 on Friday. The Bank of Canada (BoC) didn’t post a closing exchange rate on July 3 due to the Canada Day holiday.
The United States Dollar Index declined 0.04 points to 102.95. U.S. markets are closed today for the Independence Day holiday.
Crude oil was higher after Saudi Arabia and Russia curbed their respective supplies. Brent crude oil was US$1.01 higher at US$75.66 per barrel. West Texas Intermediate (WTI) also added US$1.00 at US$70.79/barrel.
The TSX/S&P Composite Index was up 42.48 points to 20,197.77.
Gold advanced US$6.20 per ounce to US$1,935.70.
