WINNIPEG – The Canadian dollar bounced back up on Friday after hitting a 22-month low the day before.
The loonie closed at US$0.7621 or US$1=C$1.3121, up from US$0.7595 or US$1=C$1.3196 on Thursday, ending a week-long downturn. The U.S. Dollar Index declined 0.08 of a point to 109.61.
Crude oil prices entered the Labour Day weekend on a positive note. Brent crude oil gained US$0.77 per barrel to US$93.13. West Texas Intermediate (WTI) crude oil increased US$0.32 at US$86.93/barrel. Western Canadian Select (WCS) added US$0.72 per barrel to US$66.10.
The TSX/S&P Composite Index also rebounded, growing 128.13 points at 19,270.85.
Gold jumped US$11.50 at US$1,720.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.09
Farmer’s Edge Inc. unchanged at $ 0.60
Linamar Corp. up $ 0.47 at $ 62.72
Maple Leaf Foods up $ 0.06 at $ 23.13
Nutrien Ltd. up $ 2.74 at $120.82
Ritchie Bros Auctioneers Inc. up $ 0.04 at $ 92.32
(All figures are in Canadian dollars.)
