By MarketsFarm
WINNIPEG, April 24 (MarketsFarm) – The Canadian dollar was lower on Friday.
The dollar finished the day at US$0.7097 or US$1=C$1.4090, compared to Thursday when it closed at US$0.7111 or US$1=C$1.4063.
Canadian Prime Minister Justin Trudeau has announced additional aid that will cover 75 per cent of rent for small and medium-sized businesses during the COVID-19 pandemic.
Global stock indices finished stronger after a rocky start to the week, led by gains in the financial sector.
The TSX Composite Index was up 169 points to close at 14,420.36. The S&P 500 gained 38.94 points to close at 2,836.74. The Dow Jones Industrial Average gained 260.01 points at 23,775.27. The NASDAQ increased 139.77 to finish at 8,634.52.
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Benchmark crude oil prices were slightly stronger after their historic plummet earlier in the week. West Texas Intermediate (WTI) was up by 57 cents to close at US$17.07. Brent Crude was up by 49 cents at US$21.82.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.65
Linamar Corp. up $ 0.18 at $ 30.52
Maple Leaf Foods up $ 0.21 at $ 26.47
Nutrien Ltd. up $ 0.06 at $ 48.45
Ritchie Bros Auctioneers Inc. up $ 0.21 at $ 60.50
Rocky Mountain Dealerships Inc. up $ 0.04 at $ 4.15
(All figures are in Canadian dollars.)
