By MarketsFarm
WINNIPEG, Nov. 24 (MarketsFarm) – The Canadian dollar higher on Friday morning, as its United States counterpart pulled back.
As of 8:34 am CST, the loonie was at US$0.7335 or C$1.3632, compared to Thursday’s close of US$0.7300 or US$1=C$1.3699. On the U.S. Dollar Index, the greenback gave up 0.380 of a point at 103.445.
Statistics Canada reported on Friday that retail sales for September rose 0.6 per cent and estimated those for October would be up 0.8 per cent.
Benchmark crude oil prices were a pinch lower on Friday morning, due to the ongoing dispute within OPEC+ between Saudi Arabia and the alliance’s African members regarding production cuts.
Brent crude oil dipped seven cents at US$81.35 per barrel, while West Texas Intermediate lost 81 cents at US$76.29.
Shortly after Friday’s open the TSX/S&P Composite Index eased back 6.48 points at 20,110.18. The U.S. markets reopened today following the Thanksgiving holiday.
Gold added US$9.40 at US$2,002.20 per ounce.
