By MarketsFarm
WINNIPEG, Dec. 11 (MarketsFarm) – The Canadian dollar was lower on Friday, stepping away from highs unseen in two and a half year as the United States dollar regained some lost ground and as North American markets turned cautious.
The dollar finished at US$0.7831 or US$1.2769, compared to Thursday’s close of US$0.7853 or US$1=C$1.2734.
The greenback was up 0.159 on the U.S. Dollar Index at 90.910 points.
The markets were concerned about the United Kingdom and the European Union being unable to reach an agreement on a trade deal, plus the inability of the U.S. Congress to agree on a fiscal stimulus package.
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Benchmark crude oil prices were lower on Friday, as pandemic lockdown restrictions in New York take effect on Dec. 14. That effectively countered market hopes towards coronavirus vaccines.
Brent crude oil was down 26 cents at US$49.99 per barrel. West Texas Intermediate (WTI) crude oil dipped 19 cents at US$46.59/barrel. Western Canadian Select (WCS) crude oil fell 70 cents at US$33.74/barrel.
The TSX Composite Index was down 44.42 points on Friday to finish at 17,548.92.
Gold was up US$3.22 at US$1,839.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.01 at $ 2.76
Linamar Corp. dn $ 1.17 at $ 67.13
Maple Leaf Foods up $ 0.27 at $ 28.22
Nutrien Ltd. up $ 0.07 at $ 62.70
Ritchie Bros Auctioneers Inc. dn $ 1.90 at $ 90.29
Rocky Mountain Dealerships Inc. up $ 0.50 at $ 7.40
(All figures are in Canadian dollars.)
