Compiled by MarketsFarm
WINNIPEG, July 14 (MarketsFarm) – The Canadian dollar lacked the strength to remain above 76 U.S. cents on Friday, due to ground taken back by the United States dollar and losses in crude oil prices.
The loonie closed at US$0.7586 or US$1=C$1.3183, compared to Thursday’s finish of US$0.7617 or US$1=C$1.3128. On the U.S. Dollar Index the greenback added 0.224 of a point at 99.680.
Benchmark crude oil prices were lower on Friday, due to profit-taking after the International Energy Agency issued a report that forecast weaker demand in 2023.
Brent crude oil lost US$1.69 at US$79.67 per barrel, while West Texas Intermediate dropped US$1.66 at US$75.23, and Western Canadian Select gave up US$2.03 at US$63.40.
The TSX Composite Index dipped 15.57 points on Friday to close at 20,262.07.
Gold was down US$4.40 at US$1,959.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.08 at $ 2.18 Farmers Edge Inc. dn $ 0.01 at $ 0.18 Linamar Corp. up $ 0.61 at $ 74.50 Maple Leaf Foods up $ 0.15 at $ 26.73 Nutrien Ltd. dn $ 0.15 at $ 80.10 Ritchie Bros Auctioneers Inc. up $ 0.34 at $ 80.91
(All figures are in Canadian dollars)
