WINNIPEG – The Canadian dollar extended its downturn to a fourth day.
The loonie closed at US$0.7350 or US$1=C$1.3606 on Friday, compared to US$0.7372 or US$1=C$1.3565 on Thursday.
The United States Dollar Index added 0.20 of a point at 104.18.
Crude oil rose after comments from United States Federal Reserve chair Jerome Powell indicated further raising of benchmark interest rates.
Brent crude oil jumped US$1.38 at US$84.74 per barrel. West Texas Intermediate (WTI) was up US$1.00 at US$80.05/barrel.
The TSX/S&P Composite Index gained 59.92 points at 19,835.75.
Gold dropped US$5.60 at US$1,941.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.01 at $ 2.52
Farmer’s Edge Inc. unchanged at $ 0.20
Linamar Corp. up $ 0.21 at $ 69.22
Maple Leaf Foods dn $ 0.11 at $ 29.13
Nutrien Ltd. up $ 0.29 at $ 82.91
Ritchie Bros Auctioneers Inc. up $ 1.34 at $ 80.68
(All figures are in Canadian dollars.)
