Canadian Dollar and Business Outlook: Loonie steady as world awaits trade deal confirmation

By MarketsFarm

WINNIPEG, Dec. 13 (MarketsFarm) – The Canadian dollar was steady Friday morning getting support from increased crude oil prices.

As of 8:38 CST, the Canadian dollar was at US$0.7588 or C$1.3179. That compares to Thursday’s North American close of US$0.7586 or C$1.3182.

Crude oil prices were higher Friday morning, on news the United States and China reportedly reached an agreement in principle on their Phase One trade deal. However, no formal announcement from either government has yet to be made, especially from China.

Brent crude oil gained 79 cents at US$64.99 per barrel and West Texas Intermediate rose 76 cents at US$59.94 per barrel. Western Canadian Select was up 60 cents at US$37.95 per barrel.

The TSX/S&P Composite Index opened flat with a small loss of 3.91 at 16,942.99 points,

Gold was up US$2.70 at US$1,475.00 per ounce.

Futures Prices as of December 13, 2019

Canola
Price Change
Milling Wheat
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Durum
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New Barley
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Prices are in Canadian dollars per metric ton

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Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

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