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Canadian Dollar and Business Outlook: Loonie retreats, crude oil mixed

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Glacier FarmMedia MarketsFarm – The Canadian dollar took a step back on Friday morning.

The loonie was at US$0.7124 or US$1=C$1.4037 as of 8:33 a.m. CST, compared to US$0.7138 or US$1=C$1.4010.

The United States Dollar Index was up 0.04 of a point at 106.09. U.S. markets were closed on Thursday due to the Thanksgiving Day holiday and are trading reduced hours on Friday.

Crude oil was mixed after OPEC+ announced it will delay its policy meeting to Dec. 5. Brent crude oil was down US$0.11 at US$73.17 per barrel. West Texas Intermediate (WTI) gained US$0.40 at US$69.12/barrel.

The TSX/S&P Composite Index rose 61.32 points at 25,604.84.

Gold surged US$15.40 per ounce at US$2,680.20.