Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back below the 73 United States cent mark on Thursday.
The loonie closed the day at US$0.7287 or US$1=C$1.3724, compared to US$0.7314 or US$1=C$1.3673 on Wednesday. Statistics Canada reported on Thursday that the country’s unemployment rate increased to 6.9 per cent in April, compared to 6.2 per cent one year earlier. The number of people receiving unemployment insurance increased by 17,000 in April to 520,000.
The U.S. Dollar Index was down 0.15 of a point at 98.76. Federal Reserve chairman Jerome Powell said on Wednesday it will leave its key interest rates unchanged for now, but two rate cuts could be upcoming later this year.
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Glacier FarmMedia | MarketsFarm – The Canadian dollar was unchanged on Friday but ended the week more than four-tenths of a United…
Benchmark crude oil prices rose on Thursday. West Texas Intermediate advanced US$0.66 at US$75.80 per barrel, while Brent crude oil jumped US$2.15 at US$78.85/barrel.
The TSX/S&P Composite Index lost 53.85 points at 26,506.00.
Gold shed US$20.70 per ounce at $3,387.40.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 7.29
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. dn $ 0.11 at $ 63.46
Maple Leaf Foods dn $ 0.09 at $ 28.07
Nutrien Ltd. dn $ 1.01 at $ 84.39
RB Global Inc. up $ 0.61 at $143.94
(All figures are in Canadian dollars.)
