By MarketsFarm
WINNIPEG, Dec. 19 (MarketsFarm) – The Canadian dollar was virtually unchanged at market close on Thursday, as gains on the Toronto Stock Exchange balanced off with losses for Western Canadian Select (WCS) crude oil.
The loonie finished the day at US$0.7621 or US$1=C$1.3122, which compares with Wednesday’s close of US$0.7623 or C$1.3119.
The TSX/S&P Composite Index finished higher on Thursday by 32.06 to close at 17,064.04 points, due to additional movement regarding the Phase One trade deal. United States Treasury Secretary Steven Mnuchin said the trade pact with China will be signed in early January. However, China has steadfastly refused to divulge any of the details pertaining to Phase One.
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The U.S. markets hit new record highs today with the trade news. The Dow Jones gained 137.68, closing at 28,376.96 points. The NASDAQ rose 59.49 to close at 8,887.22 points and the S&P 500 was up 14.23 to end the day at 3,205.37 points.
Benchmark oil prices were slightly higher on Thursday, also due to Mnuchin’s announcement. Brent crude oil rose 32 cents to close at US$66.49 per barrel, and West Texas Intermediate (WTI) gained 37 cents at US$61.30 per barrel.
However, WCS dropped US$1.13 to close at US$39.00 per barrel.
Gold climbed US$3.36 on Thursday to close at US$1,478.79 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.60
Linamar Corp. up $ 0.09 at $ 49.00
Maple Leaf Foods unchanged at $ 25.53
Nutrien Ltd. dn $ 0.28 at $ 63.42
Ritchie Bros Auctioneers Inc. up $ 0.17 at $ 56.72
(All figures are in Canadian dollars.)
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