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Canadian Dollar and Business Outlook: Loonie steady, oil declines

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Published: August 13, 2021

WINNIPEG, August 13 (MarketsFarm) – The Canadian dollar was unchanged on Friday, still close to 80 cents United States.

As of 8:50 a.m. CDT, the loonie was at US$0.7987 or US$1=C$1.2520, same as when markets closed on Thursday.

Crude oil slipped back on Friday. Brent crude oil declined US$0.22 per barrel to US$71.09. West Texas Intermediate (WTI) decreased US$0.18 to US$68.91/barrel. Western Canadian Select (WCS) dropped US$0.20 to US$55.42/barrel.

The TSX/S&P Composite Index gained 29.06 points at 20,549.66.

Gold rebounded US$11.24 per ounce to US$1,764.15.

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