By MarketsFarm
WINNIPEG, April 26 (MarketsFarm) – The Canadian dollar gained slightly ahead of the weekend, on the strength of the Toronto Stock Exchange.
The Canadian dollar closed at US$.7429 or US$1=C$1.3460, up from Thursday’s close of US$.7411 or US$1=C$1.3493.
The S&P/TSX Composite Index gained 37.36 points to close at 16,613.46.
The NASDAQ closed up, gaining 27.72 at 8,146.40 points. The Dow Jones gained 81.25 points to close at 26,543.33. The S&P 500 Index was up by 13.71 points, closing at 2,939.88 points.
The S&P 500 and NASDAQ closed at record highs for the second time this week, buoyed by a stronger-than-expected gross domestic product report. The United States economy grew by 3.2 per cent, one per cent higher than expected, according to a report from Bloomberg.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
Crude oil prices dropped on Friday, following comments from U.S. President Donald Trump urging OPEC and its allies to reduce prices. West Texas Intermediate lost US$2.34 to hit US$62.87 per barrel, and Brent Crude oil lost US$2.72 to hit US$71.63 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-up $ 0.04 at $ 17.99
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————up $ 0.31 at $ 49.93
Maple Leaf Foods—————dn $ 0.17 at $ 30.73
Nutrien Ltd. ——————up $ 0.83 at $ 72.47
Ritchie Bros Auctioneers Inc.–up $ 0.09 at $ 46.73
Rocky Mountain Dealership Inc.-dn $ 0.11 at $ 9.59
(All figures are in Canadian dollars.)
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