WINNIPEG – The Canadian dollar ended 2021 on an upward swing, making ground against the United States greenback.
The loonie was at US$0.7888 or US$1=C$1.2678 on Friday, up from Thursday’s close of US$0.7827 or US$1=C$1.2776. The U.S. Dollar Index was down 0.38 of a point to 95.59.
Benchmark crude oil prices slipped on Friday, one day after China announced it was reducing its import quota for 2022. Brent crude oil fell US$1.75 per barrel to US$77.78. West Texas Intermediate (WTI) crude oil dropped US$1.56 to US$75.43/barrel. Western Canadian Select (WCS) crude oil declined US$0.74 at US$61.70/barrel.
The TSX/S&P Composite Index lost 71.80 points to 21,222.84.
Gold rose US$15.80 per ounce to US$1,829.90.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.96
Farmer’s Edge Inc. dn $ 0.05 at $ 3.35
Linamar Corp. dn $ 0.38 at $ 74.91
Maple Leaf Foods up $ 0.38 at $ 29.27
Nutrien Ltd. dn $ 2.22 at $ 95.08
Ritchie Bros Auctioneers Inc. dn $ 0.65 at $ 78.04
(All figures are in Canadian dollars.)
