Glacier FarmMedia – The Canadian dollar closed at its lowest level in two weeks on Thursday.
The loonie dropped to US$0.7102 or US$1=C$1.4080, compared to US$0.7123 or US$1=C$1.4040 on Wednesday.
The United States Dollar Index was up 0.02 of a point at 100.25. The U.S. Labor Department confirmed on Wednesday it will not publish an October jobs report due to the federal government shutdown.
Crude oil prices erased earlier gains and ended the day lower. West Texas Intermediate retreated US$0.30 per barrel at US$59.14. Brent crude oil lost US$0.40/barrel at US$63.11.
Renewed concerns over an “AI bubble” and fears the U.S. Federal Reserve will not cut interest rates sent the TSX/S&P Composite Index spiralling, losing 371.86 points to close at 29,906.55.
Gold declined US$5.80 per ounce at US$4,077.00.
