Canadian Financial Close: Loonie loses ground to U.S. dollar
Greenback climbs higher
By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar gave up more than two-tenths of a cent on Friday, as its United States counterpart pushed upward.
The Canadian dollar closed at US$0.7365 or US$1=C$1.3577, compared to Thursday’s finish of US$0.7386 or US$1=C$1.3540. On the U.S. Dollar Index, the greenback climbed 0.480 of a point at 102.230.
Gains in benchmark crude oil prices were more subdued on Friday, although tensions in the Middle East underpinned values.
Brent crude oil added 52 cents at US$78.14 per barrel and West Texas Intermediate rose 85 cents at US$74.56.
The TSX Composite Index advanced 194.33 points on Friday to close at 24,162.83.
Gold was down US$7.80 at US$2,671.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.40 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.05 at $ 64.66 Maple Leaf Foods up $ 0.37 at $ 22.43 Nutrien Ltd. dn $ 0.10 at $ 67.62 RB Global Inc. up $ 1.63 at $110.17
(All figures are in Canadian dollars)
