WINNIPEG – The Canadian dollar erased the previous day’s gains on Friday morning.
The loonie was at US$0.7328 or US$1=C$1.3646, down from US$0.7363 or US$1=C$1.3582 at Thursday’s close.
The United States Dollar Index gained 0.15 of a point at 104.92.
Crude oil made slight gains on Friday after Russia said it may cut oil production in response to a price cap imposed by the European Union and the G7. Brent crude oil increased US$0.27 to US$76.42/barrel. West Texas Intermediate (WTI) added US$0.38 at US$71.84/barrel. Western Canadian Select (WCS) surged US$2.37 to US$45.36/barrel.
The TSX/S&P Composite Index gained 68.31 points to 20,037.50.
Gold rose US$6.40 per ounce to US$1,807.90.
