Canadian Financial Close: Loonie pulls back
U.S. greenback adds strength
By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar was down on Friday, as its United States counterpart added strength.
The loonie was at US$0.7178 or US$1=C$1.3932 compared to Thursday’s close of US$0.7196 or US$1=1.3916. On the United States Dollar Index, the greenback gained 0.377 of a point at 104.255.
Benchmark crude oil prices nudged up on Friday, on reports of Iran planning an attack on Israel using its proxies, while increased U.S. production limited most of those upticks.
Brent crude oil rose 32 cents at US$73.13 per barrel and West Texas Intermediate tacked on 28 cents at US$69.54.
The TSX Composite Index added 98.29 points on Friday to close at 24,255.16.
Gold gave up US$4.90 at US$2,744.40 per ounce.
A reminder that Daylight Savings Time is set to end on Sunday in many parts of Canada and the United States. Clocks to be turned back one hour.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.45 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. dn $ 0.36 at $ 56.61 Maple Leaf Foods up $ 0.28 at $ 21.34 Nutrien Ltd. up $ 1.11 at $ 67.50 RB Global Inc. up $ 0.82 at $118.79
(All figures are in Canadian dollars)
