Canadian Dollar and Business Outlook: Loonie still climbing

WINNIPEG – The Canadian dollar continued to rise on Thursday morning after closing at its highest point since September 2017 yesterday.

As of 8:38 a.m. CDT, the loonie was at US$0.8175 or US$1=C$1.2232 compared to US$0.8149 or US$1=C$1.2272 when markets closed on Wednesday.

Benchmark oil prices remained mostly steady. Brent crude declined by US$0.09 per barrel to US$68.87. West Texas Intermediate (WTI) lost US$0.10 to US$65.53/barrel. Western Canadian Select (WCS) was unchanged at US$52.10/barrel.

The TSX/S&P Composite Index slightly dipped by 9.92 points to 19,300.82.

Gold jumped by US$19.38 per ounce to US$1,806.26.

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