Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 16 (MarketsFarm) – The Canadian dollar was just short of 80 U.S. cents on Friday, as its United States counterpart slipped.
The loonie finished at US$0.7998 or US$1=C$1.2503, compared to Thursday’s close of US$0.7981 or US$1=C$1.2530.
On the U.S. Dollar Index, the greenback was down 0.088 at 91.530 points.
In Ontario, Premier Doug Ford was announcing new pandemic restrictions in hopes of curbing the rising number of COVID-19 cases. Among the additional measures, Ontario will set up checkpoints along its borders with Manitoba and Quebec.
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Benchmark crude oil prices were slightly higher on Friday, as issues with the COVID-19 pandemic in countries such as India and Germany by improved economies in the United States and Canada.
Brent crude oil gained 27 cents at US$67.21 per barrel. West Texas Intermediate (WTI) crude oil rose 22 cents at US$63.68/barrel. Meanwhile, Western Canadian Select (WCS) was down 41 cents at US$51.45/barrel.
The TSX Composite Index was up 29.40 points on Friday to finish at 19,351.32.
Gold bumped up US$9.30 at US$1,776.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.79
Farmers Edge Inc. up $ 0.02 at $ 17.92
Linamar Corp. up $ 0.56 at $ 74.23
Maple Leaf Foods up $ 0.28 at $ 27.21
Nutrien Ltd. dn $ 0.44 at $ 70.05
Ritchie Bros Auctioneers Inc. dn $ 0.28 at $ 78.72
(All figures are in Canadian dollars.)
