Glacier FarmMedia MarketsFarm – The Canadian dollar eased further back again on Friday as 2023 wraps up.
The loonie closed at US$0.7561 or US$1=C$1.3226, compared to US$0.7569 or US$1=C$1.3212 on Thursday. One year ago today, the Canadian dollar closed at US$0.7376 or US$1=C$1.3557.
The United States Dollar Index was up 0.13 of a point at 101.35.
Crude oil declined again as growing supplies outweighed conflict in the Middle East on the markets. Brent crude oil was down US$0.11 at US$77.04 per barrel. West Texas Intermediate (WTI) lost US$0.40 at US$71.37/barrel. Last year, Brent and WTI were at US$82.26 and US$78.66, respectively.
The TSX/S&P Composite Index added 29.06 points at 20,958.44. On Dec. 29 of last year, the index closed at 19,485.89.
Gold dropped US$10.50 at US$2,073.00 per ounce, greater than US$1,822.20 one year ago.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.01 at $ 2.44
Farmer’s Edge Inc. unchanged at $ 0.24
Linamar Corp. dn $ 0.58 at $ 64.02
Maple Leaf Foods up $ 0.36 at $ 25.24
Nutrien Ltd. dn $ 0.16 at $ 74.65
RB Global Inc. up $ 0.52 at $ 88.67
(All figures are in Canadian dollars.)
