WINNIPEG – The Canadian dollar slipped a little bit on Monday morning.
The loonie was at US$0.7342 or US$1=C$1.3620, down from US$0.7348 or US$1=C$1.3609 at Friday’s close. The Bank of Canada (BoC) is expected to announce on Wednesday that it will leave its key interest rate unchanged.
Meanwhile, the United States Dollar Index dipped 0.08 of a point at 104.44.
Crude oil came down on Monday due to new modest economic growth goals by China and the prospect of new monetary tightening in the U.S. Brent crude oil dropped US$0.73 to US$85.10 per barrel. West Texas Intermediate (WTI) declined US$0.57 at US$79.11/barrel. Western Canadian Select (WCS) fell US$0.92 to US$63.73/barrel.
The TSX/S&P Composite Index was down 2.17 points to 20,579.41.
Gold was up US$4.30 per ounce to US$1,858.90.
