By MarketsFarm
WINNIPEG, April 26 (MarketsFarm) – The Canadian dollar gained slightly ahead of the weekend, on the strength of the Toronto Stock Exchange.
The Canadian dollar closed at US$.7429 or US$1=C$1.3460, up from Thursday’s close of US$.7411 or US$1=C$1.3493.
The S&P/TSX Composite Index gained 37.36 points to close at 16,613.46.
The NASDAQ closed up, gaining 27.72 at 8,146.40 points. The Dow Jones gained 81.25 points to close at 26,543.33. The S&P 500 Index was up by 13.71 points, closing at 2,939.88 points.
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The S&P 500 and NASDAQ closed at record highs for the second time this week, buoyed by a stronger-than-expected gross domestic product report. The United States economy grew by 3.2 per cent, one per cent higher than expected, according to a report from Bloomberg.
Crude oil prices dropped on Friday, following comments from U.S. President Donald Trump urging OPEC and its allies to reduce prices. West Texas Intermediate lost US$2.34 to hit US$62.87 per barrel, and Brent Crude oil lost US$2.72 to hit US$71.63 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-up $ 0.04 at $ 17.99
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————up $ 0.31 at $ 49.93
Maple Leaf Foods—————dn $ 0.17 at $ 30.73
Nutrien Ltd. ——————up $ 0.83 at $ 72.47
Ritchie Bros Auctioneers Inc.–up $ 0.09 at $ 46.73
Rocky Mountain Dealership Inc.-dn $ 0.11 at $ 9.59
(All figures are in Canadian dollars.)
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