WINNIPEG – The Canadian dollar ended the week at its highest weekly close in 2023.
The loonie closed at US$0.7577 or US$1=C$1.3198, compared to US$0.7546 or US$1=C$1.3252 on Thursday.
The United States Dollar Index gained 0.22 of a point at 102.33. There will be no trading in the U.S. grain markets on Monday, while others such as oil will see limited trading.
Crude oil was up on Friday due to signs China could implement economic stimuli to kickstart its economy. Brent crude oil advanced US$0.88/barrel at US$76.55. West Texas Intermediate (WTI) rose US$1.08 at US$71.70/barrel.
The TSX/S&P Composite Index was 51.98 points lower at 19,975.37.
Gold dropped US$2.10 at US$1,968.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.13
Farmer’s Edge Inc. unchanged at $ 0.17
Linamar Corp. dn $ 0.24 at $ 70.53
Maple Leaf Foods dn $ 0.96 at $ 26.19
Nutrien Ltd. up $ 0.27 at $ 79.12
Ritchie Bros Auctioneers Inc. dn $ 0.21 at $ 75.18
(All figures are in Canadian dollars.)
