Glacier FarmMedia — The Canadian dollar held firm relative to its United States counterpart on Monday, with positioning ahead of interest rate announcements from the Bank of Canada and U.S. Federal Reserve later in the month behind some of the activity.
The Canadian dollar settled at US$0.7238 or US$1=C$1.3816, which compares with Friday’s close of US$0.7231 or US$1=C$1.3829.
Crude oil was higher after OPEC+ lowered the amount it’s going to increase production next month. West Texas crude oil was up by 0.94 per cent at US$62.45 per barrel.
The TSX Composite Index was down 22.90 points at 29,027.73 points.
