WINNIPEG – The Canadian dollar held mostly steady on Monday morning amid uncertainty over future oil output and the Bank of Canada’s Business Outlook Survey, which will be released later today.
As of 8:36 a.m. CDT, the loonie was at US$0.8093 or US$1=C$1.2356 on Monday, compared to US$0.8095 or US$1=C$1.2353 when markets closed on Friday.
Crude oil prices were up on Monday after OPEC+ nations disagreed whether to ease curbs in oil production. Brent crude increased US$0.18 per barrel to US$76.35. West Texas Intermediate (WTI) advanced US$0.16 to US$75.32/barrel. Western Canadian Select (WCS) jumped US$0.53 to US$61.31/barrel.
The TSX/S&P Composite Index rose 60.53 points to 20,226.11.
Gold gained US$4.18 per ounce to US$1,791.43.
