Glacier FarmMedia — The Canadian dollar continued its downturn on Friday morning.
The loonie was at US$0.7238 or US$1=C$1.3816 as of 8:30 a.m. CDT, compared to Thursday’s close at US$0.7248 or US$1=C$1.3797.
The United States Dollar Index was up 0.31 of a point at 97.65.
Crude oil prices declined as demand concerns outweighed the U.S. Federal Reserve’s latest interest rate cut.
Brent crude oil dropped US$0.45 per barrel at US$66.99/barrel. West Texas Intermediate lost US$0.52 at US$63.05/barrel.
The TSX/S&P Composite Index already surpassed the all-time high set on Thursday, rising 186.85 points at 29,640.38.
Gold added US$7.60 per ounce at $3,686.00.
