By MarketsFarm
WINNIPEG, July 24 (MarketsFarm) – The Canadian dollar was slightly lower on Friday, giving up a little bit of strength to the United States dollar, despite the latter remaining weak against other major world currencies.
The loonie finished at US$0.7451 or US$1=C$1.3421, compared to Thursday when it closed at US$0.7467 or US$1=C$1.3392.
Benchmark crude oil prices were either side of steady on Friday, as the high tensions between the U.S. and China effectively countered signals of improving economies in the European Union as well as the U.S.
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Brent crude oil slipped seven cents at US$43.24 per barrel. West Texas Intermediate (WTI) crude oil gained 14 cents at US$41.21 per barrel. Western Canadian Select (WCS) crude oil rose 27 cents at US$31.62 per barrel.
Gold was up US$14.19 at US$1,901.63 per ounce, finishing above US$1,900.00 for the first time since 2011.
The TSX Composite Index dipped 21.59 points on Friday to close under the 1,600 mark at 15,997.06.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.79
Linamar Corp. dn $ 0.18 at $ 40.46
Maple Leaf Foods dn $ 0.46 at $ 26.77
Nutrien Ltd. dn $ 0.49 at $ 44.00
Ritchie Bros Auctioneers Inc. dn $ 0.52 at $ 59.17
Rocky Mountain Dealerships Inc. dn $ 0.03 at $ 3.87
(All figures are in Canadian dollars.)
