Canadian Financial Close: Loonie slips some more
Aug. 1 deadline looms for trade deals with U.S.
By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back nearly two-tenths of a cent on Thursday, as Canada-United States trade talks pressed towards Friday’s deadline.
The loonie finished at US$0.7223 or US$1=C$1.3844, compared to Wednesday’s close of US$0.7241 or US$1=C$1.3811. The U.S. Dollar Index nudged up 0.229 of a point at 99.815.
Benchmark crude oil prices pulled back on Thursday, ahead of tomorrow’s deadline for a number of countries to have trade deals with the U.S.
West Texas Intermediate forfeited 74 cents at US$69.26 and Brent crude retreated 71 cents at US$72.53 per barrel.
The TSX Composite Index was down 110.18 points on Thursday to close at 27,259.78.
Gold gave up US$8.50 at US$3,344.30 per ounce.
