Canadian Dollar and Business Outlook: Loonie seeks New Year’s rise

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Published: December 31, 2021

WINNIPEG – The Canadian dollar is looking to end 2021 on a high note.

As of 9:07 a.m. CST on Friday, the loonie was at US$0.7885 or US$1=C$1.2682, compared to Thursday’s close of US$0.7827 or US$1=C$1.2776. The United States Dollar Index declined 0.11 of a point to 95.86.

Benchmark crude oil prices took a downturn on Friday. Brent crude oil lost US$0.64 per barrel to US$78.89.
West Texas Intermediate (WTI) dropped US$0.85 to US$76.14/barrel. Western Canadian Select (WCS) has moved upward to US$62.61/barrel.

The TSX/S&P Composite Index lost 60.98 points to 21,233.66.

Gold jumped US$9.50 per ounce to US$1,823.60.

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