By MarketsFarm
WINNIPEG, June 28 (MarketsFarm) – The Canadian dollar was stronger at market close on Friday, having reached an eight-month high as the United States dollar lost ground.
The loonie finished the day at US$0.7641 or US$1=C$1.3087, which compares with Thursday’s close of US$0.7627 or C$1.3111.
The TSX/S&P Composite Index was up 74.47 points on Friday to finish at 16,382.20.
Benchmark oil prices were down Friday, as U.S. crude oil output in April exceeded 12 million barrels per day, according to the U.S. Energy Information Administration. Brent crude oil slipped four cents to close at US$66.51 per barrel. West Texas Intermediate (WTI) crude oil lost US$1.41 to close at US$58.02 per barrel.
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As of June 27, Western Canadian Select (WCS) crude oil was down 22 cents at US$46.28 per barrel. The price differential between WCS and WTI increased 27 cents yesterday to US$13.15 per barrel.
Gold was up $1.90 on Friday to close at US$1,413.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.01 at $ 3.95
Linamar Corp. up $ 0.81 at $ 48.88
Maple Leaf Foods dn $ 0.09 at $ 28.68
Nutrien Ltd. dn $ 0.25 at $ 70.05
Ritchie Bros Auctioneers Inc. dn $ 0.03 at $ 43.55
Rocky Mountain Dealerships Inc. up $ 0.20 at $ 7.81
(All figures are in Canadian dollars.)
