WINNIPEG – The Canadian dollar ended the week on a low note.
The loonie closed at US$0.7415 or US$1=C$1.3487, down from US$0.7441 or US$1=C$1.3439 on Thursday. The United States Dollar Index gained 0.03 of a point at 103.89.
Crude oil took a tumble on Friday due to increased U.S. inventories and speculation of continued key interest rate hikes by the Federal Reserve. Brent crude oil fell US$2.19 per barrel to US$82.95. West Texas Intermediate (WTI) also dropped US$2.19 at US$76.30/barrel. Western Canadian Select (WCS) retreated US$1.72/barrel to US$58.03.
The TSX/S&P Composite Index lost 91.18 points to 20,515.24.
Gold was down US$0.30 at US$1,851.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.07 at $ 2.35
Farmer’s Edge Inc. unchanged at $ 0.30
Linamar Corp. dn $ 0.75 at $ 72.98
Maple Leaf Foods up $ 0.42 at $ 26.43
Nutrien Ltd. dn $ 4.18 at $100.70
Ritchie Bros Auctioneers Inc. up $ 0.05 at $ 84.36
(All figures are in Canadian dollars.)
