By Commodity News Service Canada
WINNIPEG, April 20 (CNS) – The Canadian dollar closed lower
Friday, dragged down by an earlier dip during the day to the
price of the oil.
The Canadian dollar settled Friday at US$0.7857 or
C$1.2728, compared to Thursday’s North American close of
US$0.7916 or C$1.2633.
Oil prices edged up Friday, stabilizing after an earlier
slide caused by United States President Donald Trump’s
criticisms of the Organization of Petroleum Exporting Countries’
role in pushing up global oil prices. Brent crude rose 28 cents
to settle at US$74.06 per barrel.
In Toronto, the TSX/S&P Composite rose Friday, as higher
bond yields boosted financials, while shares of Rogers
Communications jumped after the telecommunications company
reported profits that beat estimates. The TSX/S&P rose 29.9
points, or 0.19 per cent, to 15,484.32.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.19 at $ 16.40
Buhler Industries————unchanged at $ 4.10
Maple Leaf Foods————-up $ 0.07 at $ 30.59
Nutrien Ltd.—————–dn $ 0.63 at $ 59.63
(All figures are in Canadian dollars.)
