Canadian Financial Close: Loonie takes a dip
Crude oil's losses provides some push
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar eased a pinch lower on Friday, as crude oil’s losses increased.
The loonie closed at US$0.7231 or US$1=C$1.3830, compared to Thursday’s finish of US$0.7236 or US$1=C$1.3819. On the U.S. Dollar Index, the greenback dipped 0.048 of a point at 104.060.
Benchmark crude oil prices pulled back on Friday as concerns over China’s waning demand persisted and due to a selloff in the equities.
Brent crude oil lost US$1.56 at US$80.81 per barrel and West Texas Intermediate gave up US$1.47 at US$76.81.
The TSX Composite Index advanced 206.78 points on Friday to close at 22,814.81.
Gold jumped US$33.50 at US$2,387.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.01 at $ 2.03 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.45 at $ 68.60 Maple Leaf Foods up $ 0.25 at $ 24.99 Nutrien Ltd. up $ 0.68 at $ 70.82 RB Global Inc. up $ 0.87 at $109.53
(All figures are in Canadian dollars)
