Glacier FarmMedia – The Canadian dollar pulled back on Friday, but still ended with a weekly gain.
The loonie closed at US$0.7345 or US$1=C$1.3614, compared to US$0.7350 or US$1=C$1.3605 on Thursday. However, the rate was higher than on Feb. 6 at US$0.7327 or US$1=C$1.3648.
The United States Dollar Index was down 0.05 of a point at 96.88. There will be no trading on Feb. 16 due to Presidents Day.
Crude oil prices were unchanged to higher after the U.S. Bureau of Labor Statistics reported a decline in the annual inflation rate at 2.5 per cent.
West Texas Intermediate stayed at US$62.84. Brent crude oil added US$0.16/barrel at US$67.68.
Gains in the basic materials sector lifted the TSX/S&P Composite Index by 608.43 points at 33,073.71, recovering most of Thursday’s losses.
Gold also bounced back, rising US$106.30 per ounce at US$5,054.70.
