By MarketsFarm
WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar was firm at market close on Friday, as major benchmark crude oil finished higher while Canadian crude was slightly lower.
The loonie finished the day at US$0.7601 or US$1=C$1.3157, which compares with Thursday’s close of US$0.7599 or C$1.3160.
Benchmark oil prices were stronger on Friday, due to a better than expected United States jobs report and good increases in China’s manufacturing sector.
Brent crude oil leapt US$1.96 to close at US$61.58 per barrel, and West Texas Intermediate (WTI) jumped US$1.92 to close at US$56.10 per barrel. However, Western Canadian Select crude slipped 40 cents at US$34.62 per barrel.
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The TSX/S&P Composite Index was higher on Friday, gaining 110.91 to close at 16,594.07 points, following the lead of the U.S. stock markets. The Dow Jones rose 301.13 at 27,347.36 points. The NASDAQ gained 94.04 at 8,386.40 points. The S&P 500 was up 29.35 at 3,066.91 points.
The price of gold was up 60 cents on Friday to close at US$1,515.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.60
Linamar Corp. up $ 0.75 at $ 43.70
Maple Leaf Foods up $ 0.49 at $ 23.46
Nutrien Ltd. up $ 0.49 at $ 63.50
Ritchie Bros Auctioneers Inc. up $ 0.13 at $ 54.32
Rocky Mountain Dealerships Inc. up $ 0.07 at $ 6.55
(All figures are in Canadian dollars.)
