Canadian Financial Close: Canadian dollar down

By MarketsFarm

WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was down at Friday’s close, as stock markets cooled after a week of rallies.

The Canadian dollar closed at US$0.7569 or US$1=C$1.3212, up from Thursday’s close of US$0.7581 or US$1=C$1.3191.

Equities corrected downward after a strong week following monetary policies announcements from the United States Federal Reserve, Bank of England, and Bank of Japan hinting towards looser monetary policy.

The TSX Composite Index dropped 49.40 points to close at 16,525.43. The NASDAQ was down 19.63 at 8,031.71 points. Similarly, the Dow Jones lowered by 34.04 points to close at 26,719.13, though rose 2.4 per cent on the week. The S&P 500 lowered by 3.72 points at 2,950.46, up two per cent on the week.

West Texas Intermediate was up US$1.01 to end the day at US$57.65 per barrel, and Brent Crude oil gained 90 cents to hit US$63.35 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries————–unch at $ 3.62
Linamar Corp ——————up $ 0.26 at $ 47.66
Maple Leaf Foods—————dn $ 0.64 at $ 29.90
Nutrien Ltd. ——————up $ 0.07 at $ 72.32
Ritchie Bros Auctioneers Inc.—-up $ 0.31 at $ 47.66
Rocky Mountain Dealership Inc.-dn $ 0.27 at $ 7.91

(All figures are in Canadian dollars.)


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