Canadian Financial Close: Loonie stays mostly steady

Glacier FarmMedia | MarketsFarm – The Canadian dollar moved very little on Thursday.

The loonie was at US$0.7223 or US$1=C$1.3845, compared to US$0.7224 or US$1=C$1.3843 on Wednesday. The Bank of Canada cut its key interest rate by 50 basis points at 3.75 per cent on Wednesday.

The United States Dollar Index was down 0.40 of a point at 104.03.

Crude oil declined slightly on Thursday. West Texas Intermediate (WTI) was down US$0.27 at US$70.50 per barrel. Brent crude oil dipped US$0.23 at US$74.73/barrel.

The TSX/S&P Composite Index dropped 22.07 points at 24,551.55.

Gold rose US$19.00 per ounce at US$2,748.40.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      up  $ 0.01     at $  2.46

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.35     at $ 61.65

Maple Leaf Foods                 dn  $ 0.05     at $ 21.63

Nutrien Ltd.                     up  $ 0.14     at $ 66.21

RB Global Inc.                   dn  $ 1.25     at $117.23

(All figures are in Canadian dollars.)