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Canadian Dollar and Business Outlook: Loonie making inroads

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Published: August 5, 2021

WINNIPEG – The Canadian dollar was approaching the 80-cent United States mark on Thursday.

As of 9:02 a.m. CDT, the loonie was at US$0.7999 or US$1=C$1.2501, compared to US$0.7971 or US$1=C$1.2545 when markets closed on Wednesday.

Crude oil made slight gains on Thursday. Brent crude oil increased US$0.13 per barrel to US$70.51. West Texas Intermediate (WTI) went up US$0.22 to US$68.37/barrel. Western Canadian Select (WCS) advanced US$0.35 to US$53.86/barrel.

The TSX/S&P Composite Index rose 40.43 points at 20,370.16.

Gold fell US$9.58 per ounce to US$1,802.16.

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