Canadian Financial Close: Loonie ends down on the week

Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged on Friday to end a negative week for the currency.

The loonie closed the day at US$0.7284 or US$1=C$1.3728, compared to US$0.7287 or US$1=C$1.36724 on Thursday. It ended the week down seven-tenths of a U.S. cent compared to June 13.

The United States Dollar Index was down 0.21 of a point at 98.70.

Benchmark crude oil prices were down on Friday. July West Texas Intermediate declined US$0.21 at US$75.80 per barrel, while August Brent crude oil fell US$1.66 at US$77.19/barrel. Contract lag for WTI due to the Juneteenth holiday partly accounted for the discrepancy in price movement compared to Brent.

The TSX/S&P Composite Index subtracted 8.43 points at 26,497.57.

Gold shed US$26.70 per ounce at $3,318.40.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  7.29

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.71     at $ 62.75

Maple Leaf Foods                 up  $ 0.21     at $ 28.28

Nutrien Ltd.                     dn  $ 0.58     at $ 83.81

RB Global Inc.                   dn  $ 0.42     at $143.52

(All figures are in Canadian dollars.)