Compiled by MarketsFarm
WINNIPEG, Nov. 24 (MarketsFarm) – The Canadian dollar gained a little more than four-tenths of a U.S. cent on Thursday, as the United States dollar took a hard hit, but losses in crude oil tempered further upticks.
The loonie closed at US$0.7341 or US$1=C$1.3623, compared to Thursday’s finish of US$0.7300 or US$1=C$1.3699. On the United States Dollar Index, the greenback dropped 0.521 of a point at 103.304.
Statistics Canada reported on Friday that retail sales in September climbed 0.6 per cent and projected a rise of 0.8 per cent for October.
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Benchmark crude oil prices continued lower on Friday, as OPEC+ struggled to resolve its internal dispute over production cuts.
Brent crude oil gave up 84 cents at US$80.58 per barrel, and West Texas Intermediate lost US$1.56 at US$75.54.
The TSX Composite Index was relatively flat on Friday, as it shed 13.55 points to close at 20,103.11. The U.S. markets resumed trading following the Thanksgiving holiday.
Gold advanced US$10.90 at US$2,003.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.25 Farmers Edge Inc. unchanged at $ 0.24 Linamar Corp. dn $ 0.20 at $ 57.67 Maple Leaf Foods up $ 0.11 at $ 25.13 Nutrien Ltd. up $ 0.13 at $ 76.28 Rb Global Inc. up $ 0.87 at $ 85.23
(All figures are in Canadian dollars)