Canadian Financial Close: Loonie fails to take full advantage of opportunity to rise
Gains little off of weaker greenback, stronger crude oil
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar budged very little on Thursday, despite a loss in the United States dollar and upticks in crude oil.
The loonie closed at US$0.7305 or US$1=C$1.3690, compared to Wednesday’s finish of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback shed 0.129 of a point at 105.600.
Benchmark crude oil prices were higher on Thursday as increased Middle East tensions outweighed larger than expected U.S. stocks.
Brent crude oil gained US$1.16 at US$86.41 per barrel and West Texas Intermediate added 96 cents at US$81.86.
The TSX Composite Index rose 148.26 points on Thursday to close at 21,942.16.
Gold jumped US$24.10 at US$2,337.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.05 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.19 at $ 65.81 Maple Leaf Foods dn $ 0.06 at $ 22.80 Nutrien Ltd. dn $ 0.29 at $ 71.16 RB Global Inc. dn $ 0.98 at $105.49
(All figures are in Canadian dollars)
