Canadian Dollar and Business Outlook: Loonie eases off

The Canadian dollar was in decline on Monday morning.

The loonie was at US$0.7029 or US$1=C$1.4227 as of 8:34 a.m. CST, compared to Friday’s close at US$0.7039 or US$1=C$1.4207. The United States Dollar Index was up 0.07 of a point at 106.69.

Crude oil moved slightly upwards on Monday morning as the market waits for progress on a peace deal in Ukraine. Brent crude oil increased US$0.15 at US$74.58 per barrel. West Texas Intermediate (WTI) advanced US$0.11 at US$70.51/barrel.

The TSX/S&P Composite Index improved 22.82 points at 25,169.85.

Gold added US$2.70 per ounce at US$2,955.90.