Canadian Financial Close: Loonie, crude oil show declines

The Canadian dollar declined on Wednesday, staying slightly above the 73 United States cents.

The loonie closed at US$0.7301 or US$1=C$1.3696, compared to US$0.7321 or US$1=C$1.3659 on Tuesday.

The United States Dollar Index was up 0.47 of a point at 106.07.

Crude oil prices were lower on Wednesday as U.S. stockpiles rose to their largest levels in three years. Brent crude oil declined US$0.04 at US$84.97 per barrel. West Texas Intermediate (WTI) was down US$0.18 at US$80.65/barrel.

The TSX/S&P Composite Index added 5.42 points at 21,793.90.

Gold fell US$21.10 at US$2,309.70 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.05

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 1.14     at $ 65.62

Maple Leaf Foods                 up  $ 0.25     at $ 22.86

Nutrien Ltd.                     up  $ 0.30     at $ 71.45

RB Global Inc.                   up  $ 0.42     at $106.47

(All figures are in Canadian dollars.)