By MarketsFarm
WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar rallied at Friday’s close, amongst mixed stock performances and oil futures.
The Canadian dollar closed at US$.7453 or US$1=C$1.3418, up from Thursday’s close of US$.7417 or US$1=C$1.3483.
The S&P/TSX Composite Index lost 75.65 points to close at 16,321.75, falling by 0.15 per cent. The fall was mainly due to poor performance in the energy and financial sector.
Most stock indexes corrected up on Friday after a week of steady losses. The NASDAQ gained 6.35 at 7,916.94 points. Similarly, the Dow Jones gained 114.01 points to close at 25,942.37. The S&P 500 Index was up by 10.68 points, closing at 2,881.40 points.
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Oil futures were also mixed, impacted by ongoing trade disputes between the United States and China and tight global stocks. West Texas Intermediate lost four cents to hit US$61.66 per barrel, and Brent Crude oil gained 35 cents to hit US$70.74 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 ——————dn $ 0.10 at $ 46.11
Maple Leaf Foods—————up $ 0.70 at $ 33.55
Nutrien Ltd. ——————up $ 1.87 at $ 69.92
Ritchie Bros Auctioneers Inc.–dn $ 1.76 at $ 44.92
Rocky Mountain Dealership Inc.-up $ 0.07 at $ 8.63
(All figures are in Canadian dollars.)
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