WINNIPEG – The Canadian dollar is slightly stronger Friday morning.
The loonie was at US$0.7330 or US$1=C$1.3643, up from US$0.7323 or US$1=C$1.3656 at Thursday’s close. Earlier today, Statistics Canada (StatCan) reported that Canada’s economy grew by 0.1 per cent in October, while also estimating that the country’s real GDP remained unchanged for November.
The United States Dollar Index declined 0.01 of a point at 104.42.
Crude oil was on the rise on Friday after Russia said it would cut exports in response to a price cap implemented by the European Union and the G7. Brent crude oil jumped US$2.30 to US$83.28/barrel. West Texas Intermediate (WTI) surged US$2.42 at US$79.91/barrel. Western Canadian Select (WCS) gained US$1.38 to US$52.34/barrel.
The TSX/S&P Composite Index added 10.08 points to 19,359.74.
Gold increased US$6.30 per ounce to US$1,801.60.
