Canadian Financial Close: Loonie, crude oil on the rise

Reading Time: < 1 minute

Published: November 17, 2023

WINNIPEG – The Canadian dollar ended the week higher, but settled just shy of the 73 United States cent mark.

The loonie was at US$0.7288 or US$1=C$1.3722, compared to US$0.7373 or US$1=C$1.3750 on Thursday. The U.S. Dollar Index surrendered 0.47 of a point at 103.88.

Crude oil continued its roller-coaster ride, recovering most of Thursday’s losses. Brent crude oil rose US$3.09 at US$80.51 per barrel. West Texas Intermediate (WTI) surged US$2.86 to US$75.76/barrel.

The TSX/S&P Composite Index jumped 122.70 points to end the day at 20,175.77.

Gold dropped US$4.50 at US$1,982.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.22

Farmer’s Edge Inc.               up  $ 0.115    at $  0.24

Linamar Corp.                    dn  $ 0.22     at $ 59.29

Maple Leaf Foods                 dn  $ 0.13     at $ 25.76

Nutrien Ltd.                     dn  $ 1.17     at $ 77.57

RB Global Inc.                   dn  $ 0.07     at $ 84.48

(All figures are in Canadian dollars.)

About the author

GFM Network News

GFM Network News

Glacier FarmMedia Feed

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

explore

Stories from our other publications