By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar was weaker on Monday morning, with virtually no support from crude oil as the United States dollar inched up.
As of 8:35 am CST, the loonie was at US$0.7111 or US$1=C$1.4063 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. On the United States Dollar Index, the greenback 0.135 of a point at 99.760.
Benchmark crude oil prices were virtually unchanged on Monday morning, following the announcement from OPEC+ that the alliance plans to delay production increases into the new year.
West Texas Intermediate tacked on two cents at US$61.00 per barrel and Brent crude oil nudged up five cents at US$64.82 per barrel.
The TSX/S&P Composite Index slipped back 39.02 points at 30,221.72.
Gold advanced US$33.00 at US$4,029.50 per ounce.
