Canadian Financial Close: Loonie edges higher
Greenback weaker
By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar finished higher on Thursday buoyed by a decline in the United States dollar.
The loonie closed Thursday at US$0.7124 or US$1=1.4038, compared to Wednesday’s finish of US$0.7109 or US$1=1.4066. On the U.S. Dollar Index, the greenback dropped 0.555 of a point at 105.735.
Benchmark crude oil prices were virtually unchanged on Thursday, as pressure from ample global supplies and support from continued output reductions by OPEC+ effectively balanced off each other.
Brent crude oil dipped five cents at US$72.26 per barrel and West Texas Intermediate shed three cents at US$68.51.
The TSX Composite Index added 38.86 points on Thursday to close at 25,680.04.
Gold lost US$21.90 at US$2,654.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.88 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. dn $ 0.94 at $ 62.16 Maple Leaf Foods up $ 0.16 at $ 23.36 Nutrien Ltd. dn $ 0.09 at $ 67.48 RB Global Inc. dn $ 1.18 at $136.93
(All figures are in Canadian dollars)
