Canadian Financial Close: Loonie continues upward as the price of oil increases

By Commodity News Service Canada

WINNIPEG, Feb. 1 (CNS Canada) – The Canadian dollar was up at market close Friday, following the price of oil.
The dollar finished the day at US$0.7637 or US$1=C$1.3095, which compares with Thursday’s close of US$0.7608 or C$1.3144.
The S&P/TSX Composite Index closed Friday after losing 34.29 points to finish at 15,506.31 points.
In the United States, the major stock markets ended trading on a mixed note. The Dow Jones was up 64.22 points to end the week at 25,063.89 points and the S&P 500 gained 2.43 points to finish at 2,706.53. The NASDAQ slid 17.87 points ending the day at 7,263,87 points.

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Oil was up on Friday as West Texas Intermediate crude oil gained US$1.54 to close at US$55.33 per barrel.
Gold was down by US$2.00 on Friday to US$1,323.10 per ounce.

Canada’s agricultural sector faired as follows:

AGT Food and Ingredients———dn $ 0.08 at $ 16.38
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–dn $ 0.26 at $ 50.68
Maple Leaf Foods—————–up $ 0.37 at $ 29.63
Nutrien Ltd.———————up $ 0.23 at $ 68.30
Ritchie Bros Auctioneers Inc.—-up $ 0.04 at $ 47.27
Rocky Mountain Dealerships Inc.–up $ 0.04 at $ 8.81

(All figures are in Canadian dollars.)