Canadian Dollar and Business Outlook: Loonie, TSX steady

WINNIPEG – The Canadian dollar was virtually unchanged as the markets opened up on Monday.

As of 8:40 a.m. CDT, the loonie was at US$0.8273 or US$1=C$1.2085 compared to US$0.8275 or US$1=C$1.2084 when markets closed on Friday.

Crude oil was mixed on Monday as demand expectations were eased due to COVID-19 outbreaks in Asia. Brent crude declined US$0.14 per barrel to US$71.75. West Texas Intermediate (WTI) advanced US$0.08 to US$69.70/barrel. Western Canadian Select (WCS) gained US$0.25 to US$55.15/barrel.

The TSX/S&P Composite Index is still above the 20,000-point mark, but only increased 8.69 points to 20,037.88 on Monday morning.

Gold’s lost US$2.80 per ounce to US$1,888.79.

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