Glacier FarmMedia – The Canadian dollar moved upwards on Monday.
The loonie rose to US$0.7145 or US$1=C$1.3995, compared to US$0.7136 or US$1=C$1.4014 on Friday.
The United States Dollar Index was down 0.05 of a point at 98.90 despite the U.S. and China agreeing to the framework for a potential trade deal before the countries’ respective leaders Donald Trump and Xi Jinping meet later this week.
Crude oil prices showed small declines as OPEC+ considers a production increase for December. West Texas Intermediate dipped US$0.04 per barrel at US$61.46. Brent crude oil dropped US$0.15/barrel at US$65.79.
While U.S. stock markets were higher following the news of the potential trade agreement, the TSX/S&P Composite Index shed 77.31 points to close at 30,275.76.
Gold lost more than three per cent of its value on Monday, falling US$129.00 per ounce at US$4,008.80.
