Canadian Financial Close: Loonie remains on the rise

Glacier FarmMedia | MarketsFarm – For the second straight day, the Canadian dollar made up some ground against its United States counterpart.

The loonie closed at US$0.7138 or US$1=C$1.4010 on Thursday, compared to US$0.7125 or US$1=C$1.4036 on Wednesday. The U.S. Dollar Index added 0.06 of a point at 106.14. U.S. markets were closed on Thursday due to the Thanksgiving Day holiday.

Crude oil made small gains after OPEC+ announced it was delaying its supply meeting to Dec. 5. Brent crude oil advanced US$0.45 at US$73.28 per barrel. West Texas Intermediate increased US$0.16 at US$68.88/barrel.

The TSX/S&P Composite Index gained 55.22 points at 25,543.52.

Gold declined $3.30 per ounce at US$2,661.50.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.07     at $  2.95

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.59     at $ 60.74

Maple Leaf Foods                 up  $ 0.23     at $ 23.13

Nutrien Ltd.                     up  $ 0.73     at $ 65.36

RB Global Inc.                   up  $ 0.71     at $137.56

(All figures are in Canadian dollars.)