WINNIPEG, July 16 (MarketsFarm) – The Canadian dollar slipped back on Friday.
The loonie was at US$0.7941 or US$1=C$1.2593 on Friday, down from Thursday’s close at US$0.7954 or US$1=C$1.2572. Meanwhile, the United States Dollar Index was up 0.09 points at 92.71.
Benchmark crude oil prices declined again on Friday, but not to the levels seen over the past two days. Brent crude oil lost US$0.28 per barrel to US$73.19. West Texas Intermediate (WTI) crude oil retreated US$0.17 to US$71.48/barrel. Western Canadian Select (WCS) crude oil pulled back seven cents to US$58.18/barrel.
The TSX/S&P Composite Index fell 198.18 points to 19,985.54 due to drops in energy stocks and COVID-19 concerns.
Gold plunged US$18.02 per ounce to US$1,811.45 as U.S. retail sales unexpectedly rose 0.6 per cent in June.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.15 at $ 3.12
Farmer’s Edge Inc. dn $ 0.01 at $ 10.32
Linamar Corp. dn $ 0.64 at $ 72.49
Maple Leaf Foods up $ 0.19 at $ 25.16
Nutrien Ltd. dn $ 2.20 at $ 74.91
Ritchie Bros Auctioneers Inc. up $ 1.58 at $ 75.60
(All figures are in Canadian dollars.)
