Glacier FarmMedia MarketsFarm – The Canadian dollar was mostly steady on Friday but dipped below the 73 United States cent mark.
The loonie closed at US$0.7298 or US$1=C$1.3702, compared to US$0.7300 or US$1=C$1.3698 on Thursday.
The United States Dollar Index was up 0.21 of a point at 105.80.
Crude oil prices were lower on Friday due to a stronger U.S. dollar. Brent crude oil declined US$0.58 at US$85.13 per barrel. West Texas Intermediate (WTI) dropped US$0.66 at US$80.63/barrel.
Statistics Canada (StatCan) reported earlier today that retail sales increased by 0.7 per cent in April. However, an advance estimate suggested there will be a 0.6 per cent drop in May.
The TSX/S&P Composite Index lost 26.49 points at 21,554.86.
Gold fell US$35.10 at US$2,333.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind.                     unchanged      at $ 2.05
Farmer’s Edge Inc.              unchanged     at $ 0.345
Linamar Corp.                   dn $ 0.22    at $ 65.88
Maple Leaf Foods                dn  $ 0.23    at $ 22.30
Nutrien Ltd.                    dn  $ 0.40     at $ 70.65
RB Global Inc.                  dn $ 0.93    at $105.99
(All figures are in Canadian dollars.)
