Canadian Financial Close: C$ firm Friday

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened on Friday, hitting its highest level in two weeks relative to its United States counterpart.

The Canadian dollar settled at US$0.7316 or US$1=C$1.3668 on Friday, which compares with Thursday’s close of US$0.7305 or US$1=C$1.3689.

Comments from United States Treasury Secretary Janet Yellen were seen as calming some concerns over economic growth in the country, with ongoing tensions in the Middle East also underpinning energy markets.

West Texas Intermediate crude oil held steady, edging up 0.12 per cent at US$83.67 per barrel.

The TSX Composite Index was up by 83.86 points to close at 21,969.24 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-up  $ 0.12    at $  2.21

Linamar Corp.——————–up  $ 0.70    at $ 66.40

Maple Leaf Foods—————–up  $ 0.55    at $ 24.29

Nutrien Ltd.———————up  $ 0.71    at $ 71.83

RB Global Inc.——————-dn  $ 0.19    at $ 99.97

Farmers Edge Inc.—————-    $ 0.00    at $  0.345

(All figures are in Canadian dollars.)