Canadian Financial Close: Loonie resurfaces above 73 U.S. cents

Compiled by MarketsFarm

WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar jumped a half cent on Friday, as its United States counterpart continued to tumble.

The loonie closed at US$0.7308 or US$1=C$1.3683, compared to Thursday’s finish of US$0.7258 or US$1=C$1.3778. On the U.S. Dollar Index, the greenback plummeted 1.042 points at 104.935.

Benchmark crude oil prices fell back on Friday as slightly higher unemployment in the U.S. indicated its economy was slowing.

Brent crude oil gave up US$1.69 at US$85.16 per barrel, and West Texas Intermediate lost US$1.61 at US$80.85.

The TSX Composite Index climbed 199.42 points on Friday to close at 19,825.76.

Gold added US$6.20 at US$1,999.70 per ounce.

A reminder for people in those provinces using daylight time, the change back to standard is Sunday at 2 am local.

Canada’s agricultural sector fared as follows:

Buhler Industries                dn $ 0.05      at $  2.26

Farmers Edge Inc.                unchanged      at $ 0.125

Linamar Corp.                    up $ 3.20      at $ 63.94

Maple Leaf Foods                 up $ 0.30      at $ 25.58

Nutrien Ltd.                     up $ 0.78      at $ 76.87

Rb Global Inc.                   up $ 0.04      at $ 93.02

(All figures are in Canadian dollars)

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