Canadian Dollar and Business Outlook: Loonie holding firm
Trump, Zelenskyy, EU leaders meet today
By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged Monday morning with little movement in the United States dollar and global crude oil prices.
As of 8:43 am CDT, the loonie was at US$0.7245 or US$1=C$1.3800 compared to Friday’s close of US$0.7243 or US$1=C$1.3806. On the U.S. Dollar Index, the greenback gained 0.228 of a point at 97.935.
Benchmark crude oil prices slipped back on Monday morning ahead of today’s meeting in Washington between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskyy, along with several European Union leaders.
West Texas Intermediate was down 44 cents at US$62.36 and Brent crude oil gave up 36 cents at US$65.49 per barrel.
The TSX/S&P Composite Index dipped 38.70 points at 27,866.79.
Gold added US$5.00 at US$3,387.60 per ounce.
