Canadian Financial Close: C$ edges up

By MarketsFarm

WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar edged slightly higher relative to its United States counterpart on Thursday, finding some support from a turn higher in crude oil.

The Canadian dollar settled at US$0.7346 or US$1=C$1.3612 on Thursday, which compares with Wednesday’s close of US$0.7339 or US$1=C$1.3625.

Crude oil was thought to be due for a correction after Wednesday’s sharp losses, with West Texas Intermediate up by 0.7 per cent at US$74.81 per barrel.

The TSX Composite Index gained 155.92 points or 0.77 per cent to close at 20,522.64 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.31

Linamar Corp.——————–up  $ 0.86    at $ 64.67

Maple Leaf Foods—————–up  $ 0.27    at $ 27.40

Nutrien Ltd.———————dn  $ 0.48    at $ 93.75

Ritchie Bros Auctioneers Inc.—-up  $ 0.93    at $ 77.06

Farmers Edge Inc.—————-dn  $ 0.04    at $  0.18

(All figures are in Canadian dollars.)