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Canadian Financial Close: Loonie steady after Thanksgiving long weekend

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Published: October 13, 2020

By MarketsFarm

WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar was nearly unchanged following Canada’s Thanksgiving Long Weekend.

The dollar finished the day at US$0.7614 or US$1=C$1.3133, compared to Friday when it closed at US$0.7613 or US$1=C$1.3136.

Global stock indices were lower due to growing concerns of impending lockdowns around the world due to the COVID-19 pandemic.

The TSX Composite Index was down 51.98 points to close at 16,510.83.

Benchmark crude oil prices were slightly stronger on the day. West Texas Intermediate (WTI) was up 76 cents to close at US$40.19. Brent Crude was up 72 cents at US$42.44.

Canada’s agricultural sector fared as follows:

Buhler Int.  up $ 0.22     at $ 2.49
Linamar Corp.                    up $ 0.18     at $ 44.18
Maple Leaf Foods                 dn $ 0.41     at $ 24.76
Nutrien Ltd.                     dn  $ 1.18     at $ 52.62
Ritchie Bros Auctioneers Inc.    up  $ 0.53     at $ 86.15
Rocky Mountain Dealerships Inc.  up $ 0.11     at $  5.75

(All figures are in Canadian dollars.)

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