Canadian Financial Close: Loonie steady, ends week lower

Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Friday.

The loonie ended the day at US$0.7154 or US$1=C$1.3979, compared to US$0.7151 or US$1=C$1.3985 on Thursday. However, the currency lost 0.26 U.S. cents compared to the previous week.

There will be no closing rate published by The Bank of Canada on Monday due to Victoria Day.

The United States Dollar Index was up 0.19 of a point at 101.07.

Crude oil prices rebounded on Friday after they were pressured by speculation of a new deal between the U.S. and Iran. Brent crude oil gained US$0.71 at US$65.24 per barrel. West Texas Intermediate was up US$0.69 at US$62.31/barrel.

The TSX/S&P Composite Index gained 74.45 points at 25,971.93.

Gold lost US$23.10 per ounce at $3,203.50.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  7.29

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 1.08     at $ 62.58

Maple Leaf Foods                 up  $ 0.66     at $ 26.76

Nutrien Ltd.                     up  $ 0.72     at $ 80.93

RB Global Inc.                   up  $ 2.17     at $151.38

(All figures are in Canadian dollars.)