Glacier FarmMedia – The Canadian dollar showed no movement on Friday as it entered the Thanksgiving Day weekend lower than the week before.
The loonie was unchanged from Thursday at US$0.7143 or US$1=C$1.4000 on Friday. Yet, it was still down from the Oct. 3 close of US$0.7167 or US$1=C$1.3953.
The United States Dollar Index was down 0.61 of a point at 98.93 after President Donald Trump threatened additional tariffs to China today over the latter’s export restrictions on rare earth metals.
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Glacier FarmMedia — The Canadian dollar was firmer Monday morning, with gains in crude oil supportive for the energy-linked currency….
Crude oil prices fell on Friday as a potential ceasefire between Israel and Hamas becomes more imminent.
The November West Texas Intermediate contract lost US$2.67 per barrel at US$58.84. December Brent crude oil dropped US$2.53/barrel at US$62.69.
Trump’s comments rattled the markets as the TSX/S&P Composite Index shed 419.09 points to close at 29,850.89. The Dow Jones, S&P 500 and Nasdaq all fell to their lowest totals in at least three weeks.
However, gold found support, rising US$52.90 per ounce at US$4,025.50.
