WINNIPEG, Feb. 5 (MarketsFarm) – Despite a report from Statistics Canada stating 213,000 Canadians lost their jobs in January, the Canadian dollar still made gains on Friday.
The loonie finished at US$0.7827 or US$1=C$1.2777, compared to Thursday’s close of US$0.7795 or US$1=C$1.2828.
Crude oil moved to its highest price in more than a year on Friday as oil inventories dropped and the potential passage of a US$1.9 trillion recovery plan was made clearer by the United States Congress.
Brent crude oil increased by US$0.65 at US$59.49 per barrel. West Texas Intermediate (WTI) crude oil gained US$0.73 at US$56.96/barrel. Western Canadian Select (WCS) crude oil rose by US$1.84 at US$46.54/barrel.
The TSX Composite Index ended the week on a high note, increasing by 93.93 points on Friday to finish at 18,135.90.
Gold bounced up by US$16.79 at US$1,810.82 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.06 at $ 2.78
Linamar Corp. dn $ 0.55 at $ 71.34
Maple Leaf Foods dn $ 0.09 at $ 25.04
Nutrien Ltd. up $ 1.46 at $ 68.40
Ritchie Bros Auctioneers Inc. up $ 0.41 at $ 75.44
(All figures are in Canadian dollars.)
