Canadian Dollar and Business Outlook: A little bit of strength in loonie

Compiled by Glen Hallick, MarketsFarm

WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning, as the loonie’s United States counterpart edged lower.

As of 8:39 CDT, the Canadian dollar was at US$0.8069 or C$1.2390 compared to Friday’s close of US$0.8052 or C$1.2419.

On the U.S. Dollar Index, the greenback pulled back 0.209 at 92.005 points.

Benchmark crude oil prices were steady to higher Monday morning, as the return of Iranian oil to the global market balanced out increased summer demand.

Brent crude oil dipped inched up two cents at US$73.53 per barrel. West Texas Intermediate (WTI) was up 20 cents at US$71.84 per barrel. Western Canadian Select (WCS) lost 38 cents at US$57.72 per barrel.

At the opening the TSX/S&P Composite Index pushed a little higher by 66.92 points at 20,066.51.

Gold swung higher US$10.60 at US$1,779.60 per ounce.

Futures Prices as of June 21, 2021

Canola
Price Change
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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