By MarketsFarm
WINNIPEG, May 7 (MarketsFarm) – The Canadian dollar was stronger on Thursday, along with stock indices.
The dollar finished the day at US$0.7135 or US$1=C$1.4015, compared to Wednesday when it closed at US$0.7080 or US$1=C$1.4124.
Benchmark crude oil prices were lower despite showing strength earlier in the day. West Texas Intermediate (WTI) was down by 55 cents to close at US$23.44. Brent Crude was down by 31 cents at US$29.41.
Stocks were higher on Thursday despite dismal unemployment data from the United States Department of Labor. An additional 3.169 million Americans filed for unemployment during the week ended May 2. The TSX Composite Index was up 2.94 points to close at 14,833.69. The S&P 500 gained 32.77 points to close at 2,881.19. The Dow Jones Industrial Average was up by 211.25 points at 23,875.89. The NASDAQ increased 125.27 to finish at 8,979.66.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.80
Linamar Corp. up $ 0.44 at $ 32.89
Maple Leaf Foods dn $ 0.44 at $ 24.60
Nutrien Ltd. dn $ 2.36 at $ 48.18
Ritchie Bros Auctioneers Inc. up $ 2.09 at $ 61.51
Rocky Mountain Dealerships Inc. dn $ 0.06 at $ 4.20
(All figures are in Canadian dollars.)
