Canadian Financial Close: C$ firm

By Phil Franz-Warkentin

 Glacier FarmMedia MarketsFarm – The Canadian dollar was firmer relative to its United States counterpart on Thursday.

The Canadian dollar settled at US$0.7411 or US$1=C$1.3494 on Thursday, which compares with Wednesday’s close of US$0.7401 or US$1=C$1.3512.

Canada’s new housing price index dipped by 0.1 per cent in January compared to the previous month, according to a report from Statistics Canada, with prices steady or lower in 21 of the 27 census metropolitan areas surveyed. New home prices were down 0.7 per cent on an annual basis.

Crude oil was stronger on Wednesday, with West Texas Intermediate crude oil up by 0.69 per cent at US$78.45 per barrel.

The TSX Composite Index was up by 145.70 points to close at 21,318.08 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-dn  $ 0.02    at $  2.16

Linamar Corp.——————–up  $ 0.47    at $ 67.04

Maple Leaf Foods—————–dn  $ 1.91    at $ 23.92

Nutrien Ltd.———————up  $ 4.89    at $ 73.01

RB Global Inc.——————-up  $ 2.20    at $ 92.23

Farmers Edge Inc.—————-    $ 0.00    at $  0.345

(All figures are in Canadian dollars.)