Canadian Financial Close: Loonie rises, crude oil falls further

Glacier FarmMedia MarketsFarm – The Canadian dollar entered the weekend making gains.

The loonie closed at US$0.7314 or US$1=C$1.3672, compared to US$0.7300 or US$1=C$1.3698 on Thursday.

The United States Dollar Index declined 0.26 of a point at 105.04. The Labor Department reported earlier today that the country added 175,000 jobs in April, the smallest gain in six months. The unemployment rate went up 0.1 of a point at 3.9 per cent.

Crude oil prices continued its downturn as war premiums were slowly being erased. Brent crude oil lost US$0.75 at US$82.92 per barrel. West Texas Intermediate (WTI) dropped US$0.83 at US$78.12/barrel.

The TSX/S&P Composite Index advanced 124.19 points at 21,947.41.

Gold was up US$1.00 at US$2,310.60 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.23

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.41     at $ 64.04

Maple Leaf Foods                 up  $ 0.34     at $ 23.73

Nutrien Ltd.                     up  $ 0.46     at $ 72.42

RB Global Inc.                   up  $ 1.45     at $ 98.90

(All figures are in Canadian dollars.)

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