WINNIPEG – The Canadian dollar remained relatively steady on Friday despite record-breaking job data from Statistics Canada.
The loonie closed at US$0.7943 or US$1=C$1.2589, down from Thursday’s close of US$0.7947 or US$1=C$1.2584. Earlier on Friday, Canada’s central data agency reported that the country added 72,500 jobs to the economy in March, reducing the unemployment rate to 5.3 per cent, the lowest value since 1976.
After exceeding 100 points for the first time in nearly five years, the United States Dollar Index settled down later in the day and closed at 99.84, 0.09 of a point higher than on Thursday.
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Crude oil prices were higher on Friday. Brent crude oil jumped US$2.04 per barrel at US$102.62. West Texas Intermediate (WTI) crude oil rose US$1.95 at US$97.98/barrel. Western Canadian Select (WCS) advanced US$1.58 to US$85.18.
The TSX/S&P Composite Index gained 39.46 points at 21,874.35.
Gold added US$10.70 per ounce to US$1,948.50.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.67
Farmer’s Edge Inc. up $ 0.02 at $ 2.94
Linamar Corp. dn $ 1.13 at $ 51.80
Maple Leaf Foods dn $ 0.15 at $ 29.97
Nutrien Ltd. up $ 1.94 at $133.27
Ritchie Bros Auctioneers Inc. dn $ 0.41 at $ 73.13
(All figures are in Canadian dollars.)
