Canadian Financial Close: Loonie gains small amount
Unemployment in Canada holds at 5.8 per cent
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar held relatively steady on Friday, adding a little bit of strength from increases in crude oil prices.
The Canadian dollar closed at US$0.7492 or US$1=C$1.3347, compared to Thursday’s finish of US$0.7488 or US$1=C$1.3354. On the U.S. Dollar Index, the greenback inched up 0.045 of a point at 102.180.
Benchmark crude oil prices were higher on Friday, due to heightened tensions in the Middle East and elsewhere.
Brent crude oil gained US$1.25 at US$78.84 per barrel, and West Texas Intermediate advanced US$1.74 at US$73.93.
Statistics Canada reported on Friday that unemployment in December was unchanged at 5.8 per cent.
The TSX Composite Index tacked on 66.20 points to close Friday at 20,937.55.
Gold bumped up US$1.10 at US$2,051.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.07 at $ 2.31 Farmers Edge Inc. dn $ 0.01 at $ 0.25 Linamar Corp. dn $ 0.66 at $ 63.17 Maple Leaf Foods up $ 0.22 at $ 25.14 Nutrien Ltd. up $ 0.53 at $ 75.06 RB Global Inc. dn $ 0.07 at $ 87.33
(All figures are in Canadian dollars)
