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Canadian Financial Close: Loonie steady to close the week

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Published: October 2, 2020

By MarketsFarm

WINNIPEG, Oct. 2 (MarketsFarm) – The Canadian dollar was steady ahead of the weekend.

The dollar finished the day at US$0.7513 or US$1=C$1.3310, compared to Thursday when it closed at US$0.7523 or US$1=C$1.3292.

Global stock indices were mostly lower on Friday following news that United States President Donald Trump and First Lady Melania Trump have tested positive for COVID-19.

The TSX Composite Index gained 14.71 points to close at 16,199.25.
Benchmark crude oil prices were lower due to prolonged concerns of weak global demand. West Texas Intermediate (WTI) was down US$1.73 to close at US$36.99. Brent Crude was down US$1.83 at US$39.10.

Canada’s agricultural sector fared as follows:

Buhler Int.  unchanged      at $ 2.26
Linamar Corp.                    dn $ 0.16     at $ 40.09
Maple Leaf Foods                 dn $ 0.22     at $ 26.81
Nutrien Ltd.                     up  $ 0.89     at $ 51.48
Ritchie Bros Auctioneers Inc.    dn  $ 0.96     at $ 79.48
Rocky Mountain Dealerships Inc.  dn  $ 0.02     at $  5.18

(All figures are in Canadian dollars.)

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