Canadian Financial Close: Loonie sheds a little more
Slight budges in greenback, crude oil
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar dipped on Wednesday, simply not finding sufficient strength to climb higher.
The Canadian dollar closed at US$0.7360 or US$1=C$1.3587, compared to Tuesday’s finish of US$0.7368 or US$1=C$1.3572. On the United States Dollar Index, the greenback was relatively steady at 104.010 points.
Benchmark crude oil prices were slightly higher on Wednesday, as OPEC+ production cuts edged out larger U.S. stockpiles.
Brent crude oil bumped up 11 cents at US$86.36 per barrel and West Texas Intermediate also tacked on 11 cents at US$81.73.
The TSX Composite Index added 194.56 points on Wednesday, closing at 22,107.08.
Gold jumped US$15.10 at US$2,214.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.14 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 1.47 at $ 72.20 Maple Leaf Foods up $ 0.04 at $ 22.85 Nutrien Ltd. up $ 0.70 at $ 72.78 RB Global Inc. up $ 1.30 at $104.11
(All figures are in Canadian dollars)
