By MarketsFarm
WINNIPEG, Oct. 7 (MarketsFarm) – The Canadian dollar remained virtually unchanged for a second day as lower crude oil prices were countered by gains on the Toronto Stock Exchange.
The dollar finished at US$0.7533 or US$=C$1.3275, compared to Tuesday’s close of US$0.7535 or US$1=C$1.3272.
Benchmark crude oil prices were lower on Wednesday due to an increase in U.S. crude stockpiles. The Energy Information Administration reported stockpiles expanded by 501,000 barrels last week. Losses were tempered by the shutdown of 80 per cent of the oil production facilities in the Gulf of Mexico as Hurricane Delta strikes the region.
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Brent crude oil was down 58 cents at US$42.07 per barrel. West Texas Intermediate (WTI) crude oil lost 68 cents at US$39.99 per barrel. Western Canadian Select (WCS) crude dipped 30 cents at US$30.20 per barrel.
The TSX Composite Index was up 192.17 points on Wednesday to finish at 16,428.30.
Gold was up US$9.83 at US$1,888.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.01 at $ 2.26
Linamar Corp. up $ 1.45 at $ 43.05
Maple Leaf Foods dn $ 1.29 at $ 25.09
Nutrien Ltd. up $ 0.27 at $ 53.60
Ritchie Bros Auctioneers Inc. up $ 2.21 at $ 84.11
Rocky Mountain Dealerships Inc. up $ 0.13 at $ 5.74
(All figures are in Canadian dollars.)
