By MarketsFarm
WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar strengthened ahead of the weekend on Friday, taking some direction from crude oil.
The Canadian dollar settled at US$0.7365 or US$1=C$1.3578 on Friday, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3612.
Canada’s real gross domestic product was up by 0.1 per cent in February, after rising 0.6 per cent the previous month, according to a report from Statistics Canada. Early estimates for March show a small 0.1 per cent decline.
Crude oil posted solid gains, with West Texas Intermediate up by 2.6 per cent at US$76.73 per barrel.
The TSX Composite Index gained 113.90 points or 0.55 per cent to close at 20,636.54 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.31
Linamar Corp.——————–dn $ 0.27 at $ 64.40
Maple Leaf Foods—————–up $ 0.36 at $ 27.76
Nutrien Ltd.———————up $ 0.24 at $ 93.99
Ritchie Bros Auctioneers Inc.—-up $ 0.46 at $ 77.52
Farmers Edge Inc.—————-up $ 0.005 at $ 0.185
(All figures are in Canadian dollars.)
