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Canadian Financial Close: Slight movement in loonie

| 1 min read

By Glen Hallick

Glacier Farm Media | MarketsFarm – The Canadian dollar closed relatively steady on Friday, following modest upticks in the United States dollar and crude oil.

The loonie closed at US$0.7256 or US$1=C$1.3781 compared to Thursday’s close of US$0.7260 or US$1=C$1.3774. On the U.S. Dollar Index, the greenback rose 0.257 of a point at 98.345.

Benchmark crude oil prices increased on Friday, as the U.S. blocked Venezuelan tankers. However, ample global supplies and eyes on Russia-Ukraine peace talks limited the upside.

West Texas Intermediate added 51 cents at US$56.66 per barrel and Brent crude improved 69 cents at US$60.51/barrel.

The TSX Composite Index jumped 314.92 points on Friday for a new record close of 31,755.77.

Gold was up US$5.10 at US$4,369.60 per ounce.