Compiled by MarketsFarm
WINNIPEG, March 3 (MarketsFarm) – The Canadian dollar was relatively steady on Friday, balanced off by a weaker United States dollar and stronger crude oil prices.
The loonie closed at US$0.7348 or US$1=C$1.3610, compared to Thursday’s close of US$0.7345 or US$1=C$1.3614. On the U.S. Dollar Index, the greenback lost 0.495 of a point at 104.500.
Benchmark crude oil prices were higher on Friday, following a report that said the United Arab Emirates is planning to leave OPEC due to its ongoing rift with Saudi Arabia. However, UAE officials denied there’s such a move in the works.
Read Also
Canadian Financial Close: Loonie up as U.S. dollar weakens
Glacier FarmMedia | MarketsFarm – The Canadian dollar closed above the 73 United States cent mark for the first time in a…
Brent crude oil tacked on US$1.16 at US$85.91 per barrel and West Texas Intermediate (WTI) rose US$1.63 at US$79.79. Western Canadian Select (WCS) climbed US$2.10 at US$64.65.
The TSX Composite Index gained 244.37 points on Friday to close at 20,581.58.
Gold advanced US$21.20 at US$1,861.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.09 at $ 2.49 Farmers Edge Inc. dn $ 0.01 at $ 0.25 Linamar Corp. up $ 0.56 at $ 75.88 Maple Leaf Foods up $ 0.31 at $ 28.09 Nutrien Ltd. up $ 0.36 at $112.57 Ritchie Bros Auctioneers Inc. dn $ 0.43 at $ 80.30
(All figures are in Canadian dollars.)
