By MarketsFarm
WINNIPEG, Aug. 28 (MarketsFarm) – The Canadian dollar closed slightly higher on Friday, continuing to gain strength on the weakness of the United States dollar.
The Canadian dollar finished at US$0.7635 or US$1=C$1.3097, compared to Thursday when it closed at US$0.7617 or US$1=C$1.3129.
Benchmark crude oil prices were steady to lower on Thursday, as U.S. oil production prepares to restart production in the Gulf of Mexico following Hurricane Laura.
Brent crude oil dipped four cents at US$45.05 per barrel. West Texas Intermediate (WTI) crude oil slipped 10 cents at US$42.94 per barrel. Meanwhile, Western Canadian Select (WCS) crude oil gained 50 cents at US$32.00 per barrel.
The TSX Composite Index was down 25.70 on Friday, to finish at 16,705.79 points.
Gold jumped US$34.91 at US$1,964.65 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.59
Linamar Corp. up $ 0.75 at $ 42.01
Maple Leaf Foods dn $ 0.43 at $ 29.17
Nutrien Ltd. dn $ 0.39 at $ 48.75
Ritchie Bros Auctioneers Inc. dn $ 1.07 at $ 78.21
Rocky Mountain Dealerships Inc. up $ 0.08 at $ 5.88
(All figures are in Canadian dollars.)
