Canadian Financial Close: C$ posts small gains

By MarketsFarm

WINNIPEG, June 16 (MarketsFarm) – The Canadian dollar was slightly firmer on Thursday, as gains in crude oil helped offset the pressure from declining equities.
The Canadian dollar closed at US$0.7735 or US$1=C$1.2928 on Thursday, which compares with Wednesday’s North American close of US$0.7723 or US$1=C$1.2948.
New sanctions by the United States against Iran gave the crude oil market a boost, with West Texas Intermediate up by 1.55 per cent, at US$117.10 per barrel.
However, equities were down sharply as rate hikes in England and Switzerland after Wednesday’s increase from the U.S. Federal Reserve raised concerns over a looming global recession.
The TSX Composite Index was down by 607.50 points, or 3.10 per cent, to close at 19,004.06 points.

Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.13 at $ 2.27
Linamar Corp.——————–dn $ 3.01 at $ 53.68
Maple Leaf Foods—————–dn $ 0.50 at $ 26.01
Nutrien Ltd.———————dn $ 3.12 at $110.27
Ritchie Bros Auctioneers Inc.—-dn $ 2.41 at $ 76.26
Farmers Edge Inc.—————-dn $ 0.07 at $ 1.60

(All figures are in Canadian dollars.)