Canadian Dollar and Business Outlook: Loonie steady, oil slips back

Reading Time: < 1 minute

Published: October 28, 2021

WINNIPEG – The Canadian dollar held mostly steady Thursday morning.

As of 8:34 a.m. CDT, the loonie was at US$0.8094 or US$1=C$1.2355, compared to Wednesday’s close of US$0.8092 or US$1=C$1.2358.

Benchmark crude oil prices were mostly lower early Thursday. Brent crude oil dropped US$0.70 per barrel to US$83.88. West Texas Intermediate (WTI) slipped back US$0.50 to US$82.16/barrel. Meanwhile, Western Canadian Select (WCS) gained US$0.11 to US$66.09/barrel.

The TSX/S&P Composite Index increased 43.71 points at 20,998.70.

Gold gained US$7.91 per ounce to US$1,804.73.

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