Glacier FarmMedia | MarketsFarm – The Canadian dollar moved upwards on Friday morning.
The loonie was at US$0.6994 or US$1=C$1.4298 as of 8:33 a.m. CDT, compared to Thursday’s close at US$0.6989 or US$1=C$1.4309. Canadian Prime Minister Mark Carney will have his first conversation with United States President Donald Trump this morning as U.S. tariffs on Canadian imports are set to be imposed on April 2.
The U.S. Dollar Index was up 0.05 of a point at 104.38. The Department of Commerce reported today that the personal consumption expenditures price index, the Federal Reserve’s key inflation measure, was up 0.4 per cent in February. It was the biggest monthly gain since Jan. 2024 and lifted the inflation rate to 2.8 per cent.
Crude oil was lower on Friday. West Texas Intermediate (WTI) dipped US$0.15 at US$69.77 per barrel. Brent crude oil dropped US$0.17 at US$73.86/barrel.
The TSX/S&P Composite Index lost 80.04 points at 25,081.02
Gold was up US$22.00 per ounce at $3,112.90. Earlier in the day, it reached an all-time high of US$3,124.40/ounce.
