By MarketsFarm
WINNIPEG, June 13 (MarketsFarm) – The Canadian dollar was down at market close on Friday, losing about a third of a cent as the United States dollar gained strength.
The loonie finished the day at US$0.7471 or US$1=C$1.3385, which compares with Thursday’s close of US$0.7505 or C$1.3324.
The TSX/S&P Composite Index was up 62.85 points on Friday to finish at 16,301.91, due to gains in financial and industrial stocks.
Benchmark oil prices up Friday, as fears mounted over a confrontation in the Persian Gulf between the U.S. and Iran. U.S. President Donald Trump stepped up the verbal exchange as he accused Iran of being behind two recent attacks on oil tanks in the Strait of Hormuz. Trump said video released by the U.S. military showed Iran’s Revolutionary Guard orchestrated the attacks. Iran flatly denied the allegation.
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Brent crude oil was up 74 cents to close at US$62.05 per barrel. West Texas Intermediate crude oil was up 24 cents to close at US$52.52 per barrel.
Gold was up 60 cents on Friday to close at US$1,344.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.85
Linamar Corp. dn $ 0.47 at $ 45.40
Maple Leaf Foods up $ 0.20 at $ 31.19
Nutrien Ltd. up $ 0.62 at $ 71.42
Ritchie Bros Auctioneers Inc. up $ 1.12 at $ 47.83
Rocky Mountain Dealerships Inc. up $ 0.02 at $ 8.36
(All figures are in Canadian dollars.)
