Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 25 (MarketsFarm) – The Canadian dollar stepped back a little on Friday as the United States dollar remained firm and crude oil prices were lower.
The loonie closed at US$0.7476 or US$1=C$1.3377, compared to Thursday’s close of US$0.7497 or US$1=C$1.3338.
On the U.S. Dollar Index, the greenback was relatively steady, dipping 0.050 of a point at 105.917.
Benchmark crude oil prices declined on Friday as pressure came from China’s struggles with its latest COVID-19 outbreak and the European Union’s move to impose a price cap on Russian oil imports.
Read Also
Canadian Financial Close: Loonie up as U.S. markets tumble
Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed…
Brent crude oil lost $1.71 at US$83.63 per barrel. West Texas Intermediate (WTI) crude oil gave up US$1.66 at US$76.28/barrel. Western Canadian Select (WCS) was down US$1.41 at US$47.45/barrel.
The TSX Composite Index bumped up 39.70 points to finish Friday at 20,383.77.
Gold increased US$9.30 at US$1,769.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 1.85 Farmers Edge Inc. dn $ 0.02 at $ 0.30 Linamar Corp. up $ 1.16 at $ 67.11 Maple Leaf Foods up $ 0.18 at $ 25.17 Nutrien Ltd. up $ 1.22 at $110.16 Ritchie Bros Auctioneers Inc. up $ 0.43 at $ 72.89
(All figures are in Canadian dollars.)