Canadian Dollar and Business Outlook: Oil drops, loonie steady

Reading Time: < 1 minute

Published: November 19, 2021

WINNIPEG – The Canadian dollar was unchanged on Friday morning.

As of 8:34 a.m. CST, the loonie was at US$0.7927 or US$1=C$1.2615, the same as Thursday’s close.

The United States Dollar Index advanced 0.28 of a point to 95.82. On Friday morning, the U.S. House of Representatives voted on a US$1.7 trillion social spending and climate bill after an overnight filibuster by Republican Minority House Leader Kevin McCarthy.

Benchmark crude oil prices dropped on Friday after rebounding on Thursday. Brent crude oil lost US$1.31 per barrel to US$79.93. West Texas Intermediate (WTI) fell US$1.36 to US$77.65/barrel. Western Canadian Select (WCS) retreated US$1.37 to US$59.11/barrel.

The TSX/S&P Composite Index shed 76.31 points to 21,561.23.

Gold dipped US$2.10 per ounce to US$1,859.30.

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