Canadian Financial Close: Crude oil drops, gold records all-time high

Glacier FarmMedia MarketsFarm – The Canadian dollar made a slight decline to end the week.

The loonie was at US$0.7245 or US$1=C$1.3802, compared to US$0.7252 or US$1=C$1.3789 on Thursday. The United States Dollar Index was down 0.36 of a point at 103.47.

Crude oil recorded its biggest weekly loss in more than a year, partly due to weakening demand from China. West Texas Intermediate (WTI) dropped US$1.35 at US$69.32 per barrel. Brent crude oil shed US$1.32 at US$73.13/barrel.

The TSX/S&P Composite Index reached another all-time high on Friday, moving up to 24,850.15 points before settling at 24,822.54, rising 132.06 points from Thursday.

Gold also recorded an all-time high on Friday at US$2,736.80 per ounce, up US$29.30 from the day before.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.45

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.79     at $ 64.38

Maple Leaf Foods                 up  $ 0.44     at $ 22.72

Nutrien Ltd.                     dn  $ 0.79     at $ 65.84

RB Global Inc.                   up  $ 0.71     at $111.99

(All figures are in Canadian dollars.)