WINNIPEG – The Canadian dollar rebounded above 75 United States cents to end the week.
The loonie closed at US$0.7523 or US$1=C$1.3292 on Friday, compared to US$0.7492 or US$1=C$1.3348 on Thursday. Statistics Canada (StatCan) reported earlier today that 60,000 jobs were added in June, but the unemployment rate rose to 5.4 per cent.
The U.S. Dollar Index fell 0.89 of a point at 102.27.
Crude oil jumped after early declines on Friday due to a draw from U.S. stockpiles and supply curbs from Saudi Arabia and Russia. Brent crude oil surged US$1.80/barrel at US$78.32. West Texas Intermediate (WTI) advanced US$1.90 at US$73.70/barrel.
The TSX/S&P Composite Index added 20.35 points at 19,831.04.
Gold rose US$15.90 at US$1,931.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.10
Farmer’s Edge Inc. unchanged at $ 0.18
Linamar Corp. up $ 0.87 at $ 69.59
Maple Leaf Foods up $ 0.14 at $ 25.72
Nutrien Ltd. up $ 2.14 at $ 80.86
Ritchie Bros Auctioneers Inc. up $ 0.04 at $ 78.26
(All figures are in Canadian dollars.)
