Compiled by MarketsFarm
WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar eased back on Friday, despite a slightly weaker United States dollar and small increases in crude oil prices.
The loonie closed at US$0.7557 or US$1=C$1.3232, compared to Thursday’s finish of US$0.7575 or US$1=C$1.3240. On the U.S. Dollar Index the greenback slipped 0.119 of a point at 101.425.
Benchmark crude oil prices were modestly higher on Friday, as U.S. oil refineries are reportedly unable to operate at full capacity in the extreme heat the country is experiencing.
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Brent crude oil rose 59 cents at US$84.83 per barrel, while West Texas Intermediate tacked on 41 cents at US$80.50, and Western Canadian Select was up 66 cents at US$65.02.
Statistics Canada reported the economy grew by 0.3 per cent in May, but the agency projected a 0.2 per cent contraction for June.
The TSX Composite Index added 133.90 points on Friday to close at 20,519.37.
Gold gained US$12.30 at US$1,997.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.10 Farmers Edge Inc. up $0.02 at $ 0.23 Linamar Corp. up $ 0.35 at $ 75.99 Maple Leaf Foods up $ 0.08 at $ 27.20 Nutrien Ltd. up $ 0.62 at $ 89.65 Ritchie Bros Auctioneers Inc. up $ 0.72 at $ 85.23
(All figures are in Canadian dollars)
