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Canadian Dollar and Business Outlook: Loonie steady, gold falling

| 1 min read

Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Friday morning.

The loonie was at US$0.7353 or US$1=C$1.3600, down from Thursday’s close of US$0.7355 or US$1=C$1.3597. The United States Dollar Index gained 0.65 of a point to 104.19.

Crude oil prices added onto Thursday’s gains. Brent crude oil was up US$1.33 at US$75.38 per barrel. West Texas Intermediate (WTI) advanced US$1.29 at US$70.63/barrel.

The TSX/S&P Composite Index rose 39.19 points at 20,317.70.

Gold plunged US$25.90 at US$2,020.50 per ounce due to positive job news from the U.S. released today.