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Concerns arise; Egyptian riot may affect oil

The turmoil in Egypt soon could hit Canadians in the wallet. The price of oil jumped 4.3 per cent Friday night, to end the week at $89.34US a barrel.

There is a concern that the riots in Egypt may spread across the Middle East and affect the flow of oil from the region.

The turmoil also boosted the price of gold and the U.S. dollar, each viewed as havens in troubled times.

The Canadian dollar closed at 99.89 cents US on Friday, down 0.79 of a cent.

The U.S. dollar stood at 100.11 cents CDN, up 0.79 of a cent.