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Canadian Financial Close: Dollar stronger Thursday

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Published: December 31, 2020

By MarketsFarm

WINNIPEG, Dec. 31 (MarketsFarm) – The Canadian dollar was stronger at Thursday’s close, ahead of the New Year’s holiday. Markets will reopen on Monday, Jan. 4.

The dollar finished the day at US$0.7854 or US$1=C$1.2723, compared to Wednesday when it closed at US$0.7831 or US$1=C$1.2769.

Global stock indices were mixed amid light activity on the last trading day of 2020. The TSX closed down by 112.45 points at 17,433.36.

Benchmark crude oil prices were slightly stronger on the day. West Texas Intermediate (WTI) was up by 18 cents to close at US$48.30. Brent Crude was up by nine cents on the day at US$51.29.

Canada’s agricultural sector fared as follows:

Buhler Int.                  dn $ 0.12     at $ 2.60
Linamar Corp.                    dn $ 1.02     at $ 67.42
Maple Leaf Foods                 dn $ 0.01     at $ 28.22
Nutrien Ltd.                     up  $ 1.04     at $ 61.24
Ritchie Bros Auctioneers Inc.    dn  $ 1.38     at $ 88.48
Rocky Mountain Dealerships Inc.  unchanged      at $  7.40

(All figures are in Canadian dollars.)

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