Canadian Financial Close: Loonie firm ahead of weekend

TSX tops 17,000

By MarketsFarm

WINNIPEG, Nov. 20 (MarketsFarm) – The Canadian dollar was relatively steady on Friday, nudging up by less than a tenth of a cent.

The dollar finished at US$0.7651 or US$=C$1.3071 compared to Thursday’s close of US$0.7644 or US$1=C$1.3083.

Benchmark crude oil prices were higher on Friday, due to optimism towards coronavirus vaccine trials carried out by Pfizer and Moderna. However, the immediate situation of rising number of people with COVID-19 and renewed lockdown measures stymied further increases.

Brent crude oil climbed 85 cents at US$45.05 per barrel. West Texas Intermediate (WTI) crude oil gained 41 cents at US$42.15 per barrel. Western Canadian Select (WCS) crude oil was up 19 cents at US$30.66 per barrel.

The TSX Composite Index rose 109.29 points on Friday to finish at 17,019.10. It marked the first time since February that the TSX closed above 17,000 points.

Gold was up US$4.08 at US$1,870.62 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries dn $ 0.01 at $ 2.30
Linamar Corp. dn $ 0.04 at $ 60.16
Maple Leaf Foods up $ 0.46 at $ 25.83
Nutrien Ltd. up $ 0.80 at $ 59.33
Ritchie Bros Auctioneers Inc. up $ 2.15 at $ 86.94
Rocky Mountain Dealerships Inc. up $ 0.04 at $ 7.05
(All figures are in Canadian dollars.)

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