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Canadian dollar ticks upwards

The Canadian dollar advanced Monday as the American greenback weakened against a variety of currencies and commodity prices moved higher.

The loonie rose 0.3 of a cent to 98.64 cents US.

Prices were higher across the board on commodity markets Monday morning with the June crude contract on the New York Mercantile Exchange ahead 37 cents to US$93.37 a barrel.

July copper in New York gained five cents to US$3.24 a pound.

Gold prices also advanced amid a weak U.S. dollar, with the June contract in New York ahead $22.20 to US$1,475.80 an ounce.

The Canadian Press

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