WINNIPEG – The Canadian dollar was down on Monday as oil demand slipped back due to coronavirus outbreaks in Australia and Asia.
As of 8:35 a.m. CDT, the loonie was at US$0.8109 or US$1=C$1.2332 on Monday, compared to US$0.8134 or US$1=C$1.2294 when markets closed on Friday.
Crude oil prices were mixed on Monday. Brent crude dropped US$0.41 per barrel to US$75.77. West Texas Intermediate (WTI) lost US$0.33 to US$73.72/barrel. However, Western Canadian Select (WCS) rose US$0.61 to US$60.12/barrel.
The TSX/S&P Composite Index advanced 15.14 points to 20,230.26.
Gold increased US$0.75 per ounce to US$1,782.18.
