WINNIPEG – The Canadian dollar continued to fall on Friday, despite losses in the United States dollar and upticks in crude oil prices.
The loonie closed at US$0.7379 or US$1=C$1.3552, compared to Thursday’s finish of US$0.7394 or US$1=C$1.3524. On the U.S. Dollar Index, the greenback dipped 0.145 of a point at 103.325.
Benchmark crude oil prices bumped up on Friday with OPEC+ production cuts holding off China’s sluggish economy.
Brent crude oil tacked on 63 cents at US$84.75 per barrel, while West Texas Intermediate added 90 cents at US$81.29. Meanwhile, Western Canadian Select gained US$1.26 at US$63.38.
The TSX Composite Index closed relatively flat, inching up 6.16 points on Friday to close at 19,818.39.
Gold was up US$3.20 at US$1,918.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.55 Farmers Edge Inc. unchanged at $ 0.20 Linamar Corp. up $ 0.53 at $ 69.18 Maple Leaf Foods up $ 0.30 at $ 30.00 Nutrien Ltd. up $ 0.23 at $ 83.27 Ritchie Bros Auctioneers Inc. up $ 0.55 at $ 76.69
(All figures are in Canadian dollars)
