Canadian Dollar and Business Outlook: Loonie rises slowly

Glacier FarmMedia | MarketsFarm – The Canadian dollar continued to recover on Thursday morning.

The loonie was at US$0.7136 or US$1=C$1.4013 as of 8:32 a.m. CST, compared to US$0.7125 or US$1=C$1.4036.

The United States Dollar Index increased 0.22 of a point at 106.30. U.S. markets are closed today due to the Thanksgiving Day holiday.

Crude oil increased after OPEC+ announced it will delay its policy meeting to Dec. 5. Brent crude oil gained US$0.41 at US$73.24 per barrel. West Texas Intermediate (WTI) added US$0.33 at US$69.05/barrel.

The TSX/S&P Composite Index rose 42.39 points at 25,530.69.

Gold was up US$5.70 per ounce at US$2,670.50.