Canadian Financial Close: Loonie stands pat
Declines in greenback, crude oil cancel each other
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Thursday, as competing influences balanced off each other.
The Canadian dollar closed at US$0.7488 or US$1=C$1.3354, compared to Wednesday’s finish of US$0.7487 or US$1=C$1.3356. On the U.S. Dollar Index, the greenback dipped 0.075 of a point at 102.120.
Benchmark crude oil prices eased back on Thursday, as larger U.S. stockpiles outweighed the straining tensions throughout much of the Middle East.
Brent crude oil gave up 62 cents at US$77.63 per barrel, and West Texas Intermediate shed 35 cents at US$72.35.
The TSX Composite Index bumped up 52.51 points on Thursday at 20,871.09.
Gold added US$8.30 at US$2,051.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.21 at $ 2.21
Farmers Edge Inc. unchanged at $ 0.26
Linamar Corp. up $ 1.36 at $ 63.83
Maple Leaf Foods dn $ 0.01 at $ 24.92
Nutrien Ltd. dn $ 1.33 at $ 74.53
RB Global Inc. dn $ 0.26 at $ 87.40
(All figures are in Canadian dollars)
