WINNIPEG – The Canadian dollar eased off a little entering the August long weekend.
The loonie closed at US$0.7488 or US$1=C$1.3355, compared to US$0.7490 or US$1=C$1.3251 on Thursday. Statistics Canada reported earlier today that the country’s unemployment rate went up 0.1 of a percentage point to 5.5 per cent, its third consecutive monthly increase.
Canadian markets will be closed for civic holidays on Monday, while United States markets will trade regular hours.
The U.S. Dollar Index dropped 0.52 of a point to 102.02.
Crude oil was higher due to a large drawdown of U.S. stockpiles and incoming production cuts from Saudi Arabia and Russia. Brent crude oil rose US$0.85/barrel at US$85.99. West Texas Intermediate (WTI) jumped US$1.04 at US$82.59/barrel.
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The TSX/S&P Composite Index was up 115.30 points at 20,236.04.
Gold added US$8.30 at US$1,977.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.09 at $ 2.21
Farmer’s Edge Inc. dn $ 0.015 at $ 0.215
Linamar Corp. dn $ 0.09 at $ 77.86
Maple Leaf Foods up $ 1.93 at $ 31.20
Nutrien Ltd. up $ 1.39 at $ 87.63
Ritchie Bros Auctioneers Inc. dn $ 4.76 at $ 78.34
(All figures are in Canadian dollars.)
