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Canadian Financial Close: Loonie steady on Friday

By MarketsFarm

WINNIPEG, Oct. 23 (MarketsFarm) – The Canadian dollar was steady at Friday’s close.
The dollar finished the day at US$0.7610 or US$1=C$1.3140, compared to Thursday when it closed at US$0.7609 or US$1=C$1.3142.

Global stock indices closed the week mostly lower, as market participants continue to dissect comments regarding the possibility of another stimulus bill before the United States Presidential Election on Nov. 3.

The TSX Composite Index was up by 24.72 points on the day, closing at 16,304.08.

Benchmark crude oil prices were lower, as Libya threatens to increase production and bring more oil to an already slumping oil market. West Texas Intermediate (WTI) was down by 89 cents to close at US$39.75. Brent Crude lost 78 cents at US$41.68.

Canada’s agricultural sector fared as follows:

Buhler Int.                  unchanged      at $ 2.33
Linamar Corp.                    dn $ 0.34     at $ 47.13
Maple Leaf Foods                 dn $ 0.03     at $ 24.67
Nutrien Ltd.                     dn  $ 0.38     at $ 54.57
Ritchie Bros Auctioneers Inc.    unchanged      at $ 81.16
Rocky Mountain Dealerships Inc.  dn  $ 0.02     at $  5.48

(All figures are in Canadian dollars.)

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