By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Monday morning, with little movement in either the United States dollar or crude oil.
As of 8:39 am CST, the loonie was at US$0.7267 or US$1=C$1.3762, compared to Friday’s close of US$0.7263 or US$1=C$1.3769.
On the U.S. Dollar Index, the greenback dipped 0.114 of a point at 97.910.
Benchmark crude oil prices stepped back on Monday morning, as concerns towards global oversupply slightly outweighed a drop in exports out of Venezuela.
West Texas Intermediate was down 29 cents at US$57.15 per barrel and Brent crude lost 25 cents at US$60.87 per barrel.
Statistics Canada reported inflation in November nudged up to an annualized rate of 2.2 per cent. However, grocery prices rose 4.7 per cent, up from 3.4 per cent in October.
In morning activity, the TSX/S&P Composite Index climbed 151.00 points at 31,678.39.
Gold increased US$29.40 at US$4,357.70 per ounce.
