Glacier FarmMedia — The Canadian dollar was stronger on Friday, as crude oil climbed higher and the United States dollar softened.
- The Canadian dollar settled at US$0.7330 or US$1=C$1.3642, which compares with Thursday’s close of US$0.7306 or US$1=C$1.3688.
- Canada’s real gross domestic product contracted by 0.2 per cent during the fourth quarter of 2025 after rising 0.6 per cent the previous quarter, reported Statistics Canada. Real GDP was up by 1.7 per cent in 2025, marking the slowest pace of annual growth since the decline in 2020. GDP was down by 0.6 per cent on an annualized basis during the quarter, surprising economists who had generally expected a flat reading.
- Canadian Prime Minister Mark Carney is visiting India, with trade expected to be at the top of the agenda. He’s set to meet with Indian Prime Minister Narendra Modi on Monday.
- Uncertainty over ongoing nuclear talks between Iran and the U.S. kept energy markets on edge. West Texas Intermediate crude oil was up by 3.11 per cent at US$67.24 per barrel.
- The TSX Composite Index was down by 161.97 points at 34,339.99 points.
