WINNIPEG – The Canadian dollar was stronger on Thursday, hitting its best levels in two months with broad weakness in the United States dollar accounting for the relative strength.
The Canadian dollar closed at US$0.7662 or US$1=C$1.3051, which compares with Wednesday’s North American close of US$0.7612 or US$1=C$1.3138.
The U.S. Federal Reserve left its monetary policy unchanged in its latest interest rate announcement, with the uncertain outcome of the country’s presidential race overhanging the decision.
Losses in crude oil put some pressure on the energy-linked Canadian dollar.
West Texas Intermediate crude oil was down by 1.6 per cent, at US$38.54 per barrel.
The TSX Composite Index was up on the day, gaining 299.43 points, or 1.87 per cent, to close at 16,298.17 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.25
Linamar Corp.——————–up $ 1.41 at $ 45.85
Maple Leaf Foods—————–up $ 0.30 at $ 25.23
Nutrien Ltd.———————up $ 2.08 at $ 52.67
Ritchie Bros Auctioneers Inc.—-up $ 1.29 at $ 89.35
Rocky Mountain Dealerships Inc.–up $ 0.01 at $ 6.95
(All figures are in Canadian dollars.)