Canadian Financial Close: Loonie down, crude oil rises again

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Published: September 15, 2023

WINNIPEG – While the Canadian dollar ended the week higher, it still retreated on Friday.

The loonie closed on Friday at US$0.7393 or US$1=C$1.3526, compared to US$0.7399 or US$1=C$1.3515 on Thursday.

The U.S. Dollar Index was down 0.06 of a point at 105.34.

Crude oil was still moving upwards at the end of the week. Brent crude oil added US$0.51 at US$94.21 per barrel. West Texas Intermediate (WTI) rose US$0.98 to US$91.14/barrel.

The TSX/S&P Composite Index advanced 54.50 points to 20,622.34.

Gold jumped US$11.50 at US$1,944.30 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.07     at $  2.40

Farmer’s Edge Inc.               up  $ 0.025    at $  0.215

Linamar Corp.                    up  $ 0.41     at $ 67.03

Maple Leaf Foods                 dn  $ 0.28     at $ 27.91

Nutrien Ltd.                     dn  $ 0.43     at $ 86.60

Ritchie Bros Auctioneers Inc.    dn  $ 0.54     at $ 87.53

(All figures are in Canadian dollars.)

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