Compiled by MarketsFarm
WINNIPEG, Oct. 6 (MarketsFarm) – The Canadian dollar returned above 73 United States cents on Friday, getting assistance from a lower U.S. dollar and slightly improved crude oil prices.
The loonie closed at US$0.7308 or US$1=C$1.3683, compared to Thursday’s finish of US$0.7282 or US$1=C$1.3733. On the U.S. Dollar Index, the greenback was down 0.235 of a point at 105.830.
Benchmark crude oil prices were modestly higher on Friday, as they continued to feel the effects of production cuts by Saudi Arabia. In the meantime, Russia lifted its ban on diesel exports by pipeline, but maintained its freeze on exports by other means.
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Brent crude oil tacked on 34 cents at US$84.41 per barrel, while West Texas Intermediate rose 46 cents at US$82.77, and Western Canadian Select gained 60 cents at US$61.98.
Jobs data from Statistics Canada kept the country’s unemployment rate at 5.5 per cent, while the U.S. rate remained 3.8 per cent according to the Labor Department.
The TSX Composite Index added 108.26 points on Friday to close at 19,246.07.
Gold was up US$11.50 at US$1,843.30 per ounce.
The markets in Canada will be closed on Monday for Thanksgiving.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.04 at $ 2.50 Farmers Edge Inc. dn $ 0.005 at $ 0.15 Linamar Corp. up $ 1.28 at $ 65.52 Maple Leaf Foods unchanged at $ 26.05 Nutrien Ltd. dn $ 0.23 at $ 80.25 Ritchie Bros Auctioneers Inc. up $ 1.90 at $ 89.31
(All figures are in Canadian dollars)
