By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar finished relatively steady on Monday, as its United States counterpart followed suit while crude oil was stronger.
The loonie closed at US$0.7088 or US$1=C$1.4108 compared to Friday’s close of US$0.7092 or US$1=C$1.4100. On the U.S. Dollar Index, the greenback was virtually unchanged at 100.120.
Benchmark crude oil prices were higher on Monday, despite forecasts pointing to greater global supply over the coming two years.
West Texas Intermediate added 89 cents at US$58.95 and Brent crude gained 87 cents at US$63.43 per barrel.
The TSX Composite Index jumped 443.70 points on Monday at 30,604.35, reaching a 12-session high.
Gold advanced US$50.00 at US$4,129.50 per ounce.
