WINNIPEG – The Canadian dollar declined as the weekend approaches.
As of 8:34 a.m. CST, the loonie was at US$0.7870 or US$1=C$1.2706, compared to US$0.7885 or US$1=C$1.2682 on Thursday. The United States Dollar Index was up 0.23 of a point at 95.78.
Crude oil prices continued to rise on Friday due to tightening supply. Brent crude oil jumped US$0.96 per barrel at US$92.37. West Texas Intermediate (WTI) rose US$1.09 to US$90.97/barrel. Western Canadian Select (WCS) added US$0.78 to US$77.46/barrel.
The TSX/S&P Composite Index advanced 30.80 points to 21,562.52.
Gold declined US$7.10 per ounce to US$1,830.30.
