By MarketsFarm
WINNIPEG, Nov. 12 (MarketsFarm) – The Canadian dollar was steady on Thursday.
The dollar finished the day at US$0.7543 or US$1=C$1.3258, compared to Wednesday when it closed at US$0.7548 or US$1=C$1.3249.
Financial markets were mixed, following comments from United States Federal Reserve Chair Jerome Powell. Powell characterized the economy as “a star performer” and expressed confidence in future expansion. “Our forecast is, and our expectation very much is, one of continued moderate growth,” he said to the House Budget Committee on Thursday.
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The TSX Composite Index closed higher by 14.19 points at 16,972.18. The S&P 500 gained 2.59 to close at 3,096.63. The Dow Jones was down by 1.63 to finish at 27,781.96. The NASDAQ was down 3.08 to finish at 8,479.02.
Benchmark oil prices were mixed following an announcement from the European Investment Bank (EIB). The EIB will cease funding fossil fuel energy projects by 2021, a year earlier than originally proposed. Brent crude oil was up by four cents to close at US$62.41 per barrel. West Texas Intermediate (WTI) crude oil was down by 21 cents to close at US$56.91 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 3.60
Linamar Corp. up $ 0.50 at $ 44.92
Maple Leaf Foods up $ 0.22 at $ 22.92
Nutrien Ltd. dn $ 0.21 at $ 65.54
Ritchie Bros Auctioneers Inc. up $ 1.12 at $ 55.07
Rocky Mountain Dealerships Inc. up $ 0.02 at $ 6.48
(All figures are in Canadian dollars.)
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