By MarketsFarm
WINNIPEG, May 24 (MarketsFarm) – The Canadian dollar was up at Friday’s close, amid cautious optimism on the global trade front.
The Canadian dollar closed at US$.7419 or US$1=C$1.3478, up from Thursday’s close of US$.7437 or US$1=C$1.3447.
The S&P/TSX Composite Index gained 65.43 points to close at 16,230.04.
Most stock indexes gained, though the Dow, NASDAQ, and S&P 500 were lower on the week. Trade concerns between the United States and China were still at the top of investors’ minds, reflecting in low trade volume ahead of U.S. Memorial Day weekend. Rahul Shah, chief executive of Ideal Asset Management in New York, said investments remain “highly susceptible to headline risk.”
Read Also
Canadian Financial Close: C$ weaker Thursday
Glacier FarmMedia — The Canadian dollar was weaker on Thursday, as its United States counterpart regained lost ground in international…
The NASDAQ gained 8.73 at 7,637.01 points. Similarly, the Dow Jones gained 95.22 points to close at 25,585.69. The S&P 500 Index was up 3.82 points, closing at 2,826.06 points.
Oil futures rebounded more than one per cent after a week of heavy losses. West Texas Intermediate gained US$1.00 to end the day at US$58.91 per barrel, and Brent Crude oil gained $1.40 to hit US$69.16 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-n/a
Buhler Industries————–n/a
Linamar Corp ——————n/a
Maple Leaf Foods—————n/a
Nutrien Ltd. ——————n/a
Ritchie Bros Auctioneers Inc.–n/a
Rocky Mountain Dealership Inc.-n/a
(All figures are in Canadian dollars.)
END
