Canadian Financial Close: Loonie loses a bit more
Higher crude overpowered by stronger greenback
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar dipped back further on Wednesday, adding to yesterday’s decline.
The loonie closed at US$0.7281 or US$1=C$1.3734, compared to Tuesday’s finish of US$0.7297 or US$1=C$1.3705. On the U.S. Dollar Index, the greenback added 0.130 of a point at 104.430.
Benchmark crude oil prices were slightly higher on Wednesday, after the Energy Information Administration reported U.S. stockpiles contracted when analysts expected them to expand.
Brent crude oil bumped up 60 cents at US$83.76 per barrel and West Texas Intermediate gained 83 cents at US$79.21.
The TSX Composite Index slipped 31.46 points on Wednesday, to close at 22,259.16.
Gold lost US$8.10 at US$2,316.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.23 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.92 at $ 65.79 Maple Leaf Foods up $ 0.65 at $ 24.18 Nutrien Ltd. up $ 0.32 at $ 76.14 RB Global Inc. up $ 0.34 at $ 98.88
(All figures are in Canadian dollars)
