Glacier FarmMedia MarketsFarm – The Canadian dollar declined on Friday, but remained above the 74 United States cent mark.
The loonie was at US$0.7408 or US$1=C$1.3499, compared to US$0.7422 or US$1=C$1.3474 on Thursday. Statistics Canada reported today the country’s real gross domestic product grew by 0.2 per cent in July, while also giving a preliminary estimate for August at no change.
The U.S. Dollar Index was down 0.14 of a point at 100.38 after hitting its lowest point over the past year at 100.16 earlier in the day.
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Canadian Financial Close: Loonie, crude oil lower
Glacier FarmMedia – The Canadian dollar eased off on Thursday. The loonie closed at US$0.7231 or US$1=C$1.3829, compared to US$0.7250…
Crude oil recovered some of its losses over the past two days after Israel claimed its missiles hit Hezbollah’s headquarters in Lebanon. West Texas Intermediate (WTI) gained US$0.88 at US$68.55 per barrel. Brent crude oil increased US$0.74 at US$72.34/barrel.
The TSX/S&P Composite Index shed 77.01 points at 23,956.82, one day after closing above 24,000 points for the first time ever.
Gold fell US$20.00 at US$2,674.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.40
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. up $ 0.07 at $ 63.90
Maple Leaf Foods dn $ 0.12 at $ 21.98
Nutrien Ltd. dn $ 0.35 at $ 65.22
RB Global Inc. dn $ 0.27 at $108.51
(All figures are in Canadian dollars.)
