Canadian Financial Close: Loonie dips below 72 U.S. cents

The Canadian dollar ended an up-and-down week on a low note, albeit higher than the week before.

The loonie closed at US$0.7188 or US$1=C$1.3913, compared to US$0.7212 or US$1=C$1.3866 on Thursday. The United States Dollar Index was up 0.49 of a point at 105.00.

Crude oil tumbled on Friday due to Chinese economic woes. West Texas Intermediate (WTI) fell US$1.98 at US$70.38 per barrel. Brent crude oil dropped US$1.69 at US$73.94/barrel.

The TSX/S&P Composite Index lost 86.53 points at 24,759.40.

Gold subtracted $13.20 per ounce at US$2,692.60.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.40

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.75     at $ 59.32

Maple Leaf Foods                 up  $ 0.09     at $ 22.56

Nutrien Ltd.                     dn  $ 0.63     at $ 67.21

RB Global Inc.                   up  $ 4.00     at $127.82

(All figures are in Canadian dollars.)