Glacier FarmMedia COVID-19 & the Farm

Canadian Financial Close: Loonie weaker on Thursday

By MarketsFarm

WINNIPEG, Oct. 22 (MarketsFarm) – The Canadian dollar was slightly lower at Thursday’s close.

The dollar finished the day at US$0.7609 or US$1=C$1.3142, compared to Wednesday when it closed at US$0.7621 or US$1=C$1.3122.

United States stocks were stronger following reports that U.S. jobless claims were lower than expected this week, though the unemployment rate still remains at an all-time high.

The TSX Composite Index was up by 49.13 points on the day, closing at 16,279.36.

Benchmark crude oil prices were slightly stronger despite reports of high U.S. stockpiles. West Texas Intermediate (WTI) was up by 65 cents to close at US$40.68. Brent Crude gained 76 cents at US$42.49.

Canada’s agricultural sector fared as follows:

Buhler Int.                  unchanged      at $ 2.33
Linamar Corp.                    dn $ 0.03     at $ 47.47
Maple Leaf Foods                 up $ 0.09     at $ 24.70
Nutrien Ltd.                     up  $ 0.13     at $ 54.95
Ritchie Bros Auctioneers Inc.    up  $ 0.09     at $ 81.16
Rocky Mountain Dealerships Inc.  dn  $ 0.01     at $  5.50

(All figures are in Canadian dollars.)

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