By Glen Hallick
Glacier FarmMedia – The Canadian dollar pushed above 73 U.S. cents on Monday morning, as its United States counterpart weakened.
As of 8:55 am CST, the loonie was at US$0.7307 or US$1=C$1.3688, compared to Friday’s close of US$0.7282 or US$1=C$1.3732.
On the U.S. Dollar Index, the greenback pulled back 0.529 of a point at 96.875.
Benchmark crude oil prices eased lower on Monday morning, despite supply disruptions in the U.S. and OPEC+ stating its likely to maintain current output levels rather than increasing them.
West Texas Intermediate slipped 27 cents at US$60.80 per barrel and Brent crude was down 21 cents at US$65.67.
In morning activity, the TSX/S&P Composite Index climbed 239.05 points at 33,384.03.
Gold broke above the US$5,000 per ounce mark for the first time, jumping US$98.20 on Monday at US$5,077.90 per ounce.
