WINNIPEG – The Canadian dollar sank to its lowest closing exchange rate since last October on Friday.
The loonie closed at US$0.7217 or US$1=C$1.3857, compared to US$0.7233 or US$1=C$1.3825 on Thursday. The United States Dollar Index was down 0.05 of a point at 106.55.
Crude oil prices surged on Friday after the U.S. conducted air strikes on Syria last night. Brent crude oil rose US$2.20 at US$90.13 per barrel. West Texas Intermediate (WTI) advanced US$1.97 to US$85.18/barrel.
The TSX/S&P Composite Index fell 137.92 points to 18,737.39.
Gold jumped US$18.60 at US$2,016.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.31
Farmer’s Edge Inc. up $ 0.02 at $ 0.11
Linamar Corp. dn $ 1.36 at $ 60.20
Maple Leaf Foods up $ 0.38 at $ 26.13
Nutrien Ltd. dn $ 0.71 at $ 76.96
RB Global Inc. dn $ 0.37 at $ 86.34
(All figures are in Canadian dollars.)
