By Commodity News Service Canada
WINNIPEG, March 9 – The Canadian dollar closed higher
Friday, supported by a rise in the price of oil.
The Canadian dollar settled Friday at US$0.7788 or
C$1.2840, compared to Thursday’s North American close of
US$0.7736 or C$1.2927.
Oil prices rose nearly US$2 on Friday, rebounding after two
days of declines as Wall Street climbed on strong United States
jobs data, while investors also grew hopeful that a planned
meeting between U.S. President Donald Trump and North Korea’s
Kim Jong Un could ease geopolitical tensions. Brent crude gained
US$1.88 to US$65.49 per barrel.
In Toronto, the TSX/S&P Composite closed higher Friday,
lifted by gains in oil and metal prices. The TSX/S&P rose 39.11
points, or 0.25 per cent, to 15,577.81.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.03 at $ 16.22
Buhler Industries————unchanged at $ 4.08
Maple Leaf Foods————-up $ 0.29 at $ 32.22
Nutrien Ltd.—————–up $ 1.54 at $ 66.79
(All figures are in Canadian dollars.)
