By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar remained firm on Friday, along with its United States counterpart, as traders positioned ahead the next round of interest rate announcements. The Bank of Canada and the U.S. Federal Reserve as set to reveal their key rates on Wednesday.
The Canadian dollar closed at US$0.7221 or US$1=C$1.3848 compared to Thursday’s close of US$0.7223 or US$1=C$1.3844. Meanwhile, the U.S. Dollar Index nudged up 0.102 of a point at 97.235.
Mexican President Claudia Sheinbaum announced she will host Canadian Prime Minister Mark Carney for trade talks on Sept. 18.
Benchmark crude oil prices were modestly higher on Friday, following a Ukrainian drone attack on a Russian port, but slowing U.S. demand limited the upswing.
West Texas Intermediate tacked on 24 cents at US$62.61 and Brent crude added 53 cents at US$66.90 per barrel.
The TSX Composite Index pulled back 124.07 points on Friday to close at 29,283.82.
Gold was up US$7.40 at US$3,681.00 per ounce.
