By MarketsFarm
WINNIPEG, Sept. 5 (MarketsFarm) – The Canadian dollar almost broke though the 76 U.S. cent mark on Friday, mostly due to a comparatively weak greenback.
The dollar finished the day at US$0.7591 or US$1=C$1.3174, which compares with Wednesday’s close of US$0.7560 or US$1=C$1.3228.
Global equities were mostly stronger today following a comment from United States Federal Reserve Chair Jerome Powell. Powell said the central bank will “act as appropriate” in order to sustain economic expansion.
The TSX Composite Index closed slightly lower by 39.48 points at 16,535.33. The S&P 500 gained 2.71 to close at 2,978.71. Similarly, the Dow Jones rose 69.31 points to finish at 26,797.46. The NASDAQ was down 13.76 to finish at 8,103.07.
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Benchmark oil prices were higher, following positive sentiments regarding the global economic outlook. Brent crude oil was up by 62 U.S. cents to close at US$61.57 per barrel. West Texas Intermediate (WTI) crude oil was up 34 U.S. cents to close at US$56.64 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 2.64
Linamar Corp. dn $ 0.33 at $ 40.71
Maple Leaf Foods dn $ 0.13 at $ 30.66
Nutrien Ltd. up $ 0.10 at $ 68.12
Ritchie Bros Auctioneers Inc. dn $ 0.45 at $ 51.56
Rocky Mountain Dealerships Inc. up $ 0.15 at $ 6.90
(All figures are in Canadian dollars.)
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