Canadian Financial Close: Canadian dollar up along with stock indexes and crude oil

By MarketsFarm

WINNIPEG, June 7 (MarketsFarm) – The Canadian dollar was
over 75 U.S. cents at Friday’s close.

The Canadian dollar closed at US$0.7528 or US$1=C$1.3283,
up from Thursday’s close of US$0.7475 or US$1=C$1.3378.

The TSX gained 3.16 points to close at 16,230.96.

Markets moved higher for the fourth consecutive day. Weak
job growth data from the United States Department of Labour
indicated that the Federal Reserve may cut interest rates soon.

“It’s a strange market right now,” said Gene Goldman, chief

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investment officer and director of research at Cetera Financial
Group, to the Canadian Press. “The markets are taking bad news
as good news as reason to rally.”

The Dow Jones Industrial gained 262.64 points to close at
25,983.30. The NASDAQ gained 126.55 points to close at 7,742.10.
The S&P 500 Index was up 29.76 points, closing at 2,873.26
points.

Oil prices rallied, following stock indexes. West Texas
Intermediate gained US$1.41 to end the day at US$54.00 per
barrel, and Brent Crude oil gained US$1.56 to hit US$63.23 per
barrel.

Canada’s agricultural sector fared as follows:

AGT Food and Ingredients unchanged at $ 17.99
Buhler Industries unchanged at $ 3.62
Linamar Corp. up $ 0.96 at $ 44.06
Maple Leaf Foods up $ 0.81 at $ 30.71
Nutrien Ltd. dn $ 0.60 at $ 68.65
Ritchie Bros Auctioneers Inc. up $ 0.25 at $ 45.49

Rocky Mountain Dealerships Inc. up $ 0.12 at $ 8.68

(All figures are in Canadian dollars.)
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