WINNIPEG – The Canadian dollar ended the week on a high note.
The loonie closed at US$0.7851 or US$1=C$1.2738, up from US$0.7817 or US$1=C$1.2792 on Thursday. The United States Dollar Index dipped 0.15 of a point to 101.68. U.S. consumer spending rose more than expected in April by 0.9 per cent, according to the U.S. Commerce Department, despite consumer sentiment at its lowest point since 2011.
Crude oil prices jumped on Friday prior to the upcoming Memorial Day weekend. Brent crude oil rose US$2.04 per barrel at US$119.44. West Texas Intermediate (WTI) crude oil climbed US$1.06 at US$115.15/barrel. Meanwhile, Western Canadian Select (WCS) shed US$0.55 to US$97.09.
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The TSX/S&P Composite Index gained 216.40 points at 20,748.58 to close a great week at the stock markets. The S&P 500 added 100.40 points at 4,158.24 on Friday, posting its biggest weekly gain since November 2020.
Gold increased US$3.40 per ounce to US$1,857.30.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.01 at $ 2.32
Farmer’s Edge Inc. up $ 0.01 at $ 2.31
Linamar Corp. up $ 0.53 at $ 52.87
Maple Leaf Foods up $ 0.29 at $ 27.79
Nutrien Ltd. dn $ 0.96 at $121.57
Ritchie Bros Auctioneers Inc. up $ 0.27 at $ 76.31
(All figures are in Canadian dollars.)
