Compiled by MarketsFarm
WINNIPEG, Feb. 24 (MarketsFarm) – The Canadian dollar lost four-tenths of a cent on Friday, due to a stronger United States dollar. Meanwhile higher crude oil prices fended off more significant declines.
The dollar closed at US$0.7341 or US$1=C$1.3622, compared to Thursday’s close of US$0.7381 or US$1=C$1.3549. On the U.S. Dollar Index, the greenback added 0.646 of a point at 105.185.
Benchmark crude oil prices were higher on Friday, ahead of Russian production cuts and an upswing in demand from China.
Brent crude oil gained US$1.11 at US$83.32 per barrel and West Texas Intermediate (WTI) increased US$1.19 at US$76.58. Western Canadian Select (WCS) advanced US$1.43 at US$60.10.
The TSX Composite Index edged up 31.00 points on Friday to close at 20,219.19.
Gold was down US$8.80 at US$1,818.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.30 Farmers Edge Inc. unchanged at $ 0.275 Linamar Corp. dn $ 0.84 at $ 73.40 Maple Leaf Foods unchanged at $ 27.48 Nutrien Ltd. dn $ 0.65 at $104.62 Ritchie Bros Auctioneers Inc. dn $ 1.49 at $ 82.35
(All figures are in Canadian dollars.)
