Canadian Financial Close: Loonie tacks on more lost ground
Crude oil trades all over the place
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar closed higher on Thursday, despite a stronger United States dollar and crude oil that traded both sides of unchanged.
The loonie closed at US$0.7265 or US$1=C$1.3764, compared to Wednesday’s finish of US$0.7250 or US$1=C$1.3794. On the U.S. Dollar Index, the greenback rose 0.216 of a point at 105.980.
Benchmark crude oil prices was mixed in choppy trading on Thursday, as an off-risk mood contended with Middle East geopolitics.
Brent crude oil lost 27 cents at US$87.02 per barrel and West Texas Intermediate was unchanged at US$82.69.
The TSX Composite Index added 52.39 points on Thursday, to close at 21,708.44.
Gold gained US$7.10 at US$2,395.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.05 at $ 2.24 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.12 at $ 64.60 Maple Leaf Foods up $ 0.29 at $ 23.38 Nutrien Ltd. up $ 1.19 at $ 72.51 RB Global Inc. dn $ 0.94 at $ 99.84
(All figures are in Canadian dollars)
