Canadian Financial Close: Loonie ends week on downturn

WINNIPEG – The Canadian dollar hit its lowest point since August on Friday as investors positioned themselves ahead of Monday’s federal election against a stronger United States dollar.

The loonie was at US$0.7861 or US$1=C$1.2721 on Friday, up from Thursday’s close of US$0.7890 or US$1=C$1.2674. The U.S. Dollar Index jumped 0.28 of a point at 93.21.

Benchmark crude oil prices were lower on Friday. Brent crude oil decreased US$0.33 per barrel to US$75.34. West Texas Intermediate (WTI) crude oil fell US$0.64 to US$71.97/barrel. Western Canadian Select (WCS) crude oil was down US$0.62 to US$59.90/barrel.

The TSX/S&P Composite Index suffered another round of losses, falling 111.74 points to 20,490.36.

Gold dipped US$1.13 per ounce to US$1,752.63.

Canada’s agricultural sector fared as follows:

Buhler Industries unchanged at $ 3.22
Farmer’s Edge Inc. up $ 0.02 at $ 5.09
Linamar Corp. up $ 0.27 at $ 67.38
Maple Leaf Foods up $ 0.12 at $ 27.57
Nutrien Ltd. up $ 0.33 at $ 80.45
Ritchie Bros Auctioneers Inc. dn $ 1.28 at $ 78.57

(All figures are in Canadian dollars.)


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