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Canadian Financial Close: Loonie down, crude oil drops

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Glacier FarmMedia MarketsFarm – The Canadian dollar slipped a little on Thursday.

The loonie was at US$0.7422 or US$1=C$1.3474, compared to US$0.7428 or US$1=C$1.3462 on Wednesday. The United States Dollar Index declined 0.34 of a point at 100.57.

Crude oil fell once again on Thursday after Saudi Arabia announced it will increase output and abandon its target for US$100 per barrel oil. West Texas Intermediate (WTI) lost US$2.28 at US$67.41 per barrel. Brent crude oil dropped US$2.15 at US$71.31/barrel.

The TSX Composite Index gained 127.95 points at 24,033.83.

Gold added US$9.70 at US$2,694.40 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.40

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 1.29     at $ 63.83

Maple Leaf Foods                 up  $ 0.34     at $ 22.10

Nutrien Ltd.                     up  $ 1.91     at $ 65.57

RB Global Inc.                   dn  $ 1.97     at $108.78

(All figures are in Canadian dollars.)