WINNIPEG – The Canadian dollar stepped back even further on Friday morning, due to a stronger United States dollar.
The loonie was at US$0.7407 or US$1=C$1.3501, down from US$0.7441 or US$1=C$1.3411 at Thursday’s close. Meanwhile, the U.S. Dollar Index jumped 0.45 of a point at 104.30.
The greenback’s strength caused crude oil prices to come down. Brent crude oil fell US$2.69 to US$82.45 per barrel. West Texas Intermediate (WTI) tumbled US$2.71 at US$75.78/barrel. Western Canadian Select (WCS) dropped US$2.04 to US$57.71/barrel.
The TSX/S&P Composite Index plunged 134.71 points to 20,471.71.
Gold lost US$15.00 per ounce to US$1,836.80.
