Canadian Financial Close: Loonie dips again
Greenback, crude oil increase
By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar continued to slip back on Wednesday
The loonie closed on Wednesday at US$0.7031 or US$1=C$1.4223, compared to Tuesday’s finish of US$0.7046 or US$1=C$1.4193. On the U.S. Dollar Index, the greenback tacked on 0.105 of a point at 107.060.
Benchmark crude oil prices edged higher on Wednesday due to supply disruptions in the U.S. and Russia. However, as the Trump administration pushes for a peace deal between Russia and Ukraine, it could ease economic sanctions on the former.
Brent crude oil added 28 cents at US$76.12 per barrel and West Texas Intermediate gained 46 cents at US$72.31.
The TSX Composite Index dipped 22.68 points to close Wednesday at 25,626.16.
Gold inched up 70 cents at US$2,949.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 7.15 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. dn $ 0.23 at $ 52.72 Maple Leaf Foods up $ 0.26 at $ 21.73 Nutrien Ltd. up $ 1.36 at $ 74.60 RB Global Inc. up $11.99 at $148.93
(All figures are in Canadian dollars)
