By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar bumped up on Friday, after Statistics Canada reported approximately 90,000 jobs were added in April. However, the country’s unemployment rate remained at 6.1 per cent.
The loonie closed at US$0.7318 or US$1=C$1.3665, compared to Thursday’s finish of US$0.7304 or US$1=C$1.3692. On the U.S. Dollar Index, the greenback tacked on 0.071 of a point at 105.175.
Benchmark crude oil prices were lower on Friday, over the removal of any premiums due to Middle East tensions and speculation that OPEC could raise its output come June.
Brent crude oil lost US$1.00 at US$82.88 per barrel and West Texas Intermediate gave up 91 cents at US$78.35.
The TSX Composite Index slipped back 66.90 points on Friday, to close at 22,308.93.
Gold advanced US$29.50 at US$2,369.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.17 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.62 at $ 70.87 Maple Leaf Foods dn $ 0.69 at $ 23.63 Nutrien Ltd. dn $ 0.11 at $ 79.47 RB Global Inc. up $ 4.80 at $104.53
(All figures are in Canadian dollars)
