Canadian Dollar and Business: Loonie starting week on positive note

By Glen Hallick

Glacier Farm Media MarketsFarm – The Canadian dollar edged up on Monday morning, as its United States counterpart moved lower.

As of 8:36 am CDT, the loonie was at US$0.7281 or US$1=C$1.3735 compared to Friday’s close of US$0.7264 or C$1.3766. On the U.S. Dollar Index, the greenback dipped 0.017 of a point at 105.815.

Benchmark crude oil prices were modestly lower on Monday morning, despite Iran’s missile and drone attack on Israel during the weekend.

Brent crude oil lost 73 cents at US$89.72 per barrel and West Texas Intermediate pulled back 63 cents at US$85.03.

Shortly after Monday’s open the TSX/S&P Composite Index gained 101.33 points at 22,001.32.

Gold was down US$5.40 at US$2,368.70 per ounce.