By MarketsFarm
WINNIPEG, Dec. 12 (MarketsFarm) – The Canadian dollar was slightly stronger on Thursday, buoyed by global optimism for a trade deal between the United States and China.
The dollar finished the day at US$0.7586 or US$1=C$1.3182, compared to Wednesday when it closed at US$0.7575 or US$1=C$1.3201.
Stock markets finished stronger following reports that the U.S. has reached a trade deal in principal with China. The TSX Composite Index closed higher by 7.29 points at 16,939.61. The S&P 500 gained 26.94 to close at 3,168.57. The Dow Jones was up by 220.75 to finish at 28,132.05. The NASDAQ was up 63.27 to finish at 8,717.32.
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Benchmark oil prices were also higher due to the deal in principal. Brent crude oil was 65 cents higher, closing at US$64.37 per barrel. West Texas Intermediate (WTI) crude oil was up by 54 cents to close at US$59.30 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 3.60
Linamar Corp. up $ 2.12 at $ 46.24
Maple Leaf Foods dn $ 0.22 at $ 25.28
Nutrien Ltd. up $ 0.67 at $ 61.72
Ritchie Bros Auctioneers Inc. dn $ 0.55 at $ 56.90
Rocky Mountain Dealerships Inc. dn $ 0.12 at $ 6.29
(All figures are in Canadian dollars.)
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