WINNIPEG – The Canadian dollar has increased as the lightly trading markets continue to ignore concerns over the Omicron COVID-19 variant.
The loonie was at US$0.7810 or US$1=C$1.2804 on Wednesday, down from Tuesday’s rate of US$0.7803 or US$1=C$1.2816 as of 3:30 p.m. CST. The Bank of Canada’s closing exchange rate was not posted at that time yesterday.
The United States Dollar Index lost 0.30 of a point to 95.91.
Benchmark crude oil prices were still making incremental gains on Wednesday. Brent crude oil moved up US$0.26 per barrel to US$79.20. West Texas Intermediate (WTI) crude oil increased US$0.51 to US$76.49/barrel. Western Canadian Select (WCS) crude oil also inched up US$0.49 at US$61.69/barrel.
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The TSX/S&P Composite Index jumped 114.97 points to 21,344.65, showing little effect from the Omicron variant.
Gold shed US$5.20 per ounce to US$1,805.70.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.96
Farmer’s Edge Inc. up $ 0.08 at $ 3.40
Linamar Corp. up $ 0.61 at $ 75.29
Maple Leaf Foods dn $ 0.35 at $ 28.89
Nutrien Ltd. up $ 1.06 at $ 97.30
Ritchie Bros Auctioneers Inc. up $ 0.79 at $ 78.69
(All figures are in Canadian dollars.)
