WINNIPEG – The Canadian dollar surpassed the 75 United States cent mark on Friday.
The loonie closed at US$0.7511 or US$1=C$1.3314, up from US$0.7491 or US$1=C$1.3349 on Thursday. The last time the loonie closed above 75 U.S. cents was on Nov. 16, 2022.
The United States Dollar Index gained 0.09 of a point at 101.93.
Crude oil prices reversed course on Friday before closing lower. Brent crude oil retreated US$1.07 per barrel to US$86.40. West Texas Intermediate (WTI) dropped US$1.54 at US$79.47/barrel despite nearly reaching a monthly high this morning. Western Canadian Select (WCS) fell US$1.97/barrel to US$55.71.
The TSX/S&P Composite Index added 13.98 points to 20,714.48.
Gold was down US$2.30 at US$1,944.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.04 at $ 2.10
Farmer’s Edge Inc. up $ 0.01 at $ 0.26
Linamar Corp. up $ 0.61 at $ 66.75
Maple Leaf Foods up $ 0.21 at $ 25.64
Nutrien Ltd. dn $ 1.35 at $107.56
Ritchie Bros Auctioneers Inc. up $ 0.29 at $ 78.45
(All figures are in Canadian dollars.)
