WINNIPEG – The Canadian dollar continued to drop as the week comes to a close.
As of 8:38 a.m. CST, the loonie was at US$0.7470 or US$1=C$1.3387, down from US$0.7491 or US$1=C$1.3350 at Thursday’s close.
The United States Dollar Index declined 0.03 of a point at 106.67.
Crude oil prices fell on Friday due to the rising number of new COVID-19 cases in China and monetary tightening by central banks. Brent crude oil tumbled US$3.61 per barrel to US$86.17. West Texas Intermediate (WTI) dropped US$3.73 at US$77.91/barrel. Western Canadian Select (WCS) lost US$3.36 to US$51.63/barrel.
The TSX/S&P Composite Index gained 31.10 points to 19,915.68.
Gold declined US$5.50 per ounce to US$1,757.50.
