By MarketsFarm
WINNIPEG, March 17 (MarketsFarm) – The Canadian dollar was stronger on Thursday, as sharp gains in crude oil and world equities provided support and investors showed a renewed appetite for riskier assets.
The Canadian dollar closed at US$0.7905 or US$1=C$1.2651 on Thursday, which compares with Wednesday’s North American close of US$0.7861 or US$1=C$1.2721.
Crude oil posted considerable gains on the day, with Texas Intermediate crude oil up by 9.10 per cent, at US$103.69 per barrel.
The TSX Composite Index was stronger, up 302.39 points, or 1.41 per cent, to close at 21,771.22 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-up $ 0.12 at $ 2.60
Linamar Corp.——————–dn $ 0.30 at $ 57.49
Maple Leaf Foods—————–up $ 0.16 at $ 29.91
Nutrien Ltd.———————up $ 4.90 at $124.00
Ritchie Bros Auctioneers Inc.—-up $ 1.63 at $ 76.09
Farmers Edge Inc.—————- $ 0.00 at $ 2.98
(All figures are in Canadian dollars.)
