Canadian Dollar and Business Outlook: Loonie down, crude oil diverges

Published: June 20, 2025

Glacier FarmMedia | MarketsFarm – The Canadian dollar saw a slight decline on Friday morning, putting it on track for one of its worst performing weeks in recent memory.

The loonie was at US$0.7283 or US$1=C$1.3731 as of 8:34 a.m. CDT, compared to Thursday’s close at US$0.7287 or US$1=C$1.3724.

The United States Dollar Index was down 0.28 of a point at 98.63. Most U.S. markets were closed on Thursday for the Juneteenth holiday.

August Brent crude oil lost US$2.33 at US$76.52 per barrel after the U.S. delayed its decision whether or not to enter the Israel-Iran conflict. The July West Texas Intermediate contract added US$0.03 at US$75.17/barrel due to contract lag coming from Thursday’s holiday.

The TSX/S&P Composite Index gained 132.06 points at 26,638.06.

Gold shed US$33.00 per ounce at $3,375.10.

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