Canadian Financial Close: A slight upward nudge for the loonie
Crude fades as Francine subsidies
By Glen Hallick
Glacier Farm Media|MarketsFarm – The Canadian dollar was relatively steady on Friday, even though its United States counterpart was lower and crude oil edged a little higher.
The loonie closed at US$0.7361 or US$1=C$1.3586, compared to Thursday’s finish of US$0.7358 or US$1=C$1.3591. On the U.S. Dollar Index, the greenback gave up 0.223 of a point at 100.780.
Benchmark crude oil prices bumped up on Friday, shedding larger increases from earlier in the day as the effects of Hurricane Francine subsided.
Brent crude oil tacked on 16 cents at US$72.13 per barrel and West Texas Intermediate rose 28 cents at US$69.28.
The TSX Composite Index added 93.51 points on Friday to close out the week at 23,568.65.
Gold gained US$28.60 at US$2,609.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.40 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.27 at $ 60.11 Maple Leaf Foods dn $ 0.01 at $ 21.88 Nutrien Ltd. up $ 0.79 at $ 63.50 RB Global Inc. up $ 0.35 at $115.66
(All figures are in Canadian dollars)
