Compiled by MarketsFarm
WINNIPEG, April 21 (MarketsFarm) – The Canadian dollar fell below 74 United States cents on Friday, despite a decline in the U.S. dollar and an upward nudge in crude oil.
The Canadian dollar closed at US$0.7386 or US$1=C$1.3539, compared to Thursday’s finish of US$0.7424 or US$1=C$1.3469. On the U.S. Dollar Index, the greenback stepped back 0.136 of a point at 101.445.
Benchmark crude oil prices were slightly higher on Friday as that small decline in the U.S. dollar provided an effective counter against persisting fears over a recession.
Brent crude oil advanced 48 cents at US$81.58 per barrel and West Texas Intermediate (WTI) tacked on 41 cents at US$77.78/barrel.
The TSX Composite Index added 62.46 points on Friday to close the week at 20,693.15.
Gold dropped US$25.80 at US$1,993.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.38 Farmers Edge Inc. up $ 0.005 at $ 0.205 Linamar Corp. dn $ 0.59 at $ 63.01 Maple Leaf Foods up $ 0.53 at $ 27.83 Nutrien Ltd. dn $ 1.51 at $ 95.60 Ritchie Bros Auctioneers Inc. up $ 0.94 at $ 79.47
(All figures are in Canadian dollars.)
