Canadian Financial Close: Canadian dollar firm

By MarketsFarm

WINNIPEG, Feb. 14 (MarketsFarm) – The Canadian dollar was slightly stronger on Friday, supported by a positive tone for financial markets and crude oil prices.

The dollar finished the day at US$0.7548 or US$1=C$1.3249, compared to Thursday when it closed at 7544 or US$1=C$1.3256.

Financial markets closed mostly the green ahead of the holiday weekend, buoyed by data retail sales have stayed steady despite China’s rapidly spreading coronavirus.

The TSX Composite Index closed higher by 27.19 points at 17,848.36. The S&P 500 gained 6.22 to close at 3,380.16. The Dow Jones finished down by 25.23 points at 29,398.08. The NASDAQ was up 19.21 to finish at 9,731.18.

Brent crude oil was up by 89 cents, closing at US$57.23 per barrel. West Texas Intermediate (WTI) crude oil was 62 cents higher to close at US$52.04 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 2.95
Linamar Corp. dn $ 1.10 at $ 42.71
Maple Leaf Foods dn $ 0.30 at $ 26.37
Nutrien Ltd. dn $ 2.01 at $ 54.66
Ritchie Bros Auctioneers Inc. up $ 0.36 at $ 57.10
Rocky Mountain Dealerships Inc. dn $ 0.07 at $ 6.45

(All figures are in Canadian dollars.)

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