WINNIPEG – The Canadian dollar moved further below the 75 United States cent mark on Friday.
The loonie closed at US$0.7471 or US$1=C$1.3385, down from US$0.7491 or US$1=C$1.3350 on Thursday.
The U.S. Dollar Index rose 0.28 of a point at 106.97.
Crude oil prices dropped on Friday due to reduced global demand. Brent crude oil tumbled US$2.01 per barrel to US$87.77. West Texas Intermediate (WTI) crude oil fell US$1.44 at US$80.20/barrel. Western Canadian Select (WCS) was down US$1.80/barrel to US$53.19.
The TSX/S&P Composite Index gained 96.33 points to 19,884.58.
Gold plunged US$12.50 at US$1,750.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 1.85
Farmer’s Edge Inc. dn $ 0.05 at $ 0.31
Linamar Corp. up $ 0.70 at $ 65.04
Maple Leaf Foods up $ 0.04 at $ 23.96
Nutrien Ltd. dn $ 1.01 at $104.11
Ritchie Bros Auctioneers Inc. up $ 0.04 at $ 73.42
(All figures are in Canadian dollars.)
