Advertisement

Canadian Financial Close: Loonie, crude oil prices rise

| 1 min read

Glacier FarmMedia MarketsFarm – The Canadian dollar bounced back to end the week.

The loonie closed at US$0.7470 or US$1=C$1.3387, compared to US$0.7458 or US$1=C$1.3409 on Thursday. The United States Dollar Index was up 0.13 of a point at 102.42.

Crude oil prices rose on Friday after the U.S. launched strikes on Houthi rebels in Yemen. Brent crude oil gained US$0.96 at US$78.37 per barrel. West Texas Intermediate (WTI) added US$0.74 at US$72.76/barrel.

The TSX/S&P Composite Index was up 71.82 points at 20,990.22.

Gold jumped US$32.70 at US$2,051.90 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.47

Farmer’s Edge Inc.               unchanged      at $  0.34

Linamar Corp.                    dn  $ 0.77     at $ 62.92

Maple Leaf Foods                 up  $ 0.30     at $ 25.99

Nutrien Ltd.                     dn  $ 2.15     at $ 68.69

RB Global Inc.                   dn  $ 2.18     at $ 86.07

(All figures are in Canadian dollars.)