WINNIPEG – The Canadian dollar stayed steady on Friday, ending a week where it reached its highest point in three years.
The loonie was at US$0.8140 or US$1=C$1.2285 on Friday, up from Thursday’s close at US$0.8135 or US$1=C$1.2292. Meanwhile, the United States Dollar Index rose by 0.67 at 91.28 points.
Benchmark crude oil prices fell on Friday as COVID-19 lockdowns ramp up in both India and Brazil. Brent crude oil dropped US$1.31 per barrel to US$67.25. West Texas Intermediate (WTI) crude oil fell by US$1.50 to US$63.51/barrel. Western Canadian Select (WCS) crude oil lost US$1.80 to US$51.52/barrel.
The TSX Composite Index fell for a second straight day, weakening by 147.59 points to 19,108.33.
Gold fell by US$3.50 per ounce to US$1,768.68.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.03 at $ 3.75
Farmer’s Edge Inc. dn $ 0.25 at $ 17.75
Linamar Corp. dn $ 1.34 at $ 72.03
Maple Leaf Foods up $ 0.20 at $ 28.37
Nutrien Ltd. dn $ 1.06 at $ 67.85
Ritchie Bros Auctioneers Inc. dn $ 1.22 at $ 78.19
(All figures are in Canadian dollars.)
