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Canadian Financial Close: TSX, gold set new records

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Published: 2 hours ago

Glacier FarmMedia – The Canadian dollar stayed relatively steady coming out of the weekend.

     The loonie closed at US$0.7166 or US$1=C$1.3955, compared to US$0.7167 or US$1=C$1.3953 on Friday.

     The United States Dollar Index was up 0.38 of a point at 98.10.

     Crude oil prices were higher after OPEC+ announced a smaller-than-expected output hike in November.

     The November West Texas Intermediate contract gained US$0.87 per barrel at US$61.75. December Brent crude oil rose US$1.02/barrel at US$65.55.

     The TSX/S&P Composite Index reached another all-time high on Monday at 30,686.96 points. It ended the day at 30,531.88, up 60.20 points from Friday.

     Gold also set a new record price at US$3,994.50 per ounce on Monday. It ended the day at US$3,984.00, up US$75.10.

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