WINNIPEG – The Canadian dollar held steady to close the week higher on Friday after three straight weekly declines.
The loonie was at US$0.7952 or US$1=C$1.2575 on Friday, down from Thursday’s close at US$0.7957 or US$1=C$1.2567. This morning, Statistics Canada reported that retail sales in May went down by 2.1 per cent compared to April, but June sales bounced back by 4.4 per cent.
The United States Dollar Index was up 0.06 points at 92.88.
Benchmark crude oil prices ended the week with another round of gains. Brent crude oil increased US$0.31 per barrel to US$74.10. West Texas Intermediate (WTI) crude oil was up US$0.14 to US$72.05/barrel. Western Canadian Select (WCS) crude oil gained US$0.12 to US$57.89/barrel.
Read Also
Canadian Financial Close: Loonie up as U.S. dollar weakens
Glacier FarmMedia | MarketsFarm – The Canadian dollar closed above the 73 United States cent mark for the first time in a…
The TSX/S&P Composite Index rose 90.91 points to 20.188.43.
Gold dropped back US$5.28 per ounce to US$1,801.64, wiping out yesterday’s gains.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.02 at $ 3.08
Farmer’s Edge Inc. up $ 0.38 at $ 10.23
Linamar Corp. dn $ 1.01 at $ 72.32
Maple Leaf Foods up $ 0.16 at $ 24.92
Nutrien Ltd. dn $ 0.54 at $ 74.28
Ritchie Bros Auctioneers Inc. dn $ 0.23 at $ 76.11
(All figures are in Canadian dollars.)
