Canadian Dollar and Business Outlook: Loonie, crude oil retreat

Reading Time: < 1 minute

Published: September 15, 2023

WINNIPEG – After rising for most of the week, the Canadian dollar took a step back on Friday morning.

The loonie was at US$0.7381 or US$1=C$1.3548, down from US$0.7399 or US$1=C$1.3515 on Thursday.

The U.S. Dollar Index went down 0.13 of a point to 105.27.

Crude oil also changed momentum after rallying for most of this week. Brent crude oil declined US$0.55 at US$93.15 per barrel. West Texas Intermediate (WTI) shed US$0.49 at US$89.67/barrel.

The TSX/S&P Composite Index added 64.40 points at 20,632.24.

Gold jumped US$11.70 at US$1,944.50 per ounce.

About the author

GFM Network News

GFM Network News

Glacier FarmMedia Feed

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

explore

Stories from our other publications