Compiled by MarketsFarm
WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar nudged up a little on Friday getting support from a weaker United States dollar but declines in global crude oil prices prevented further upticks in the loonie.
The Canadian dollar closed at US$0.7281 or US$1=C$1.3734, compared to Thursday’s close of US$0.7276 or US$1=C$1.3744. On the U.S. Dollar Index, the greenback gave up 0.567 of a point at 103.525.
Benchmark crude oil prices resumed their declines on Friday, as the trade was still concerned about the ongoing banking crisis which has yet to stabilize.
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Brent crude oil dropped US$2.19 at US$72.51 per barrel and West Texas Intermediate (WTI) fell US$1.99 at US$66.36. Western Canadian Select (WCS) lost US$1.77 at US$50.28.
At Friday’s close, the TSX Composite Index was down 151.29 points, or 0.77 per cent, at 19,387.72.
Gold vaulted US$58.10 at US$1,981.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.07 at $ 2.30 Farmers Edge Inc. unchanged at $ 0.20 Linamar Corp. dn $ 1.64 at $ 61.26 Maple Leaf Foods dn $ 0.35 at $ 23.98 Nutrien Ltd. up $ 0.16 at $ 99.84 Ritchie Bros Auctioneers Inc. dn $ 1.11 at $ 72.88
(All figures are in Canadian dollars.)
