Compiled by MarketsFarm
WINNIPEG, Sept. 8 (MarketsFarm) – The Canadian dollar recovered some lost ground on Friday, as crude oil prices crept higher.
The loonie closed at US$0.7336 or US$1=C$1.3632, compared to Thursday’s finish of US$0.7313 or US$1=C$1.3674. On the U.S. Dollar Index, the greenback was relatively steady, inching up 0.027 of a point at 104.705.
Benchmark crude oil prices were slightly higher on Friday as the markets continued to feel the supply cuts by Saudi Arabia and Russia. However concerns over a coming recession kept further increases in check.
Brent crude oil gained 59 cents at US$90.51 per barrel, while West Texas Intermediate rose 47 cents at US$87.34, and Western Canadian Select was up 68 cents at US$69.35.
The TSX Composite Index dipped 57.43 points on Friday to close at 20,074.65.
Gold nudged up 20 cents at US$1,942.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.35
Farmers Edge Inc. up $ 0.015 at $ 0.175
Linamar Corp. dn $ 1.53 at $ 68.79
Maple Leaf Foods dn $ 0.39 at $ 27.92
Nutrien Ltd. up $ 0.30 at $ 85.74
Ritchie Bros Auctioneers Inc. up $ 0.75 at $ 90.38
(All figures are in Canadian dollars)
