WINNIPEG – The Canadian dollar held steady on Friday, while crude oil was mixed despite the potential for supply increases.
As of 8:41 a.m. CDT, the loonie was at US$0.7890 or US$1=C$1.2674, compared to US$0.7891 or US$1=C$1.2673 at 3:32 p.m. CDT on Thursday. The Bank of Canada did not post its end-of-day exchange rate on Thursday due to the National Day for Truth and Reconciliation.
The OPEC+ alliance is scheduled to meet Monday where they could agree to release more crude oil into the market. Brent crude oil gained seven cents per barrel to US$78.38. West Texas Intermediate (WTI) slipped four cents to US$74.99/barrel. Western Canadian Select (WCS) retreated US$0.53 to US$62.88/barrel.
The TSX/S&P Composite Index gained 5.40 points to 20,075.65.
Gold increased US$1.72 per ounce to US$1,758.68.
