Glacier FarmMedia — The Canadian dollar held relatively steady on Friday. While solid domestic economic data and gains in crude oil were supportive, broad strength in the United States dollar internationally weighed somewhat on the loonie.
The Canadian dollar settled at US$0.7130 or US$1=C$1.4025, which compares with Thursday’s close of US$0.7134 or US$1=C$1.4018.
Manufacturing sales in Canada were up 3.3 per cent in September compared to the previous month at C$72.1 billion, reported Statistics Canada. That marked the highest level since February 2025. Wholesale sales in the country (excluding petroleum, petroleum products, and other hydrocarbons and oilseed and grain) rose 0.6 per cent at C$85.9 billion.
Crude oil rose on news Russia was suspending some Black Sea exports after a Ukrainian drone attack on an oil depot. West Texas Intermediate crude oil up by 2.23 per cent at US$60.00 per barrel.
The TSX Composite Index gained 72.82 points at 30,326.46 points.
