Glacier FarmMedia | MarketsFarm – The Canadian dollar moved slightly upward on Thursday.
The loonie ended the day at US$0.7243 or US$1=C$1.3806, compared to US$0.7233 or US$1=C$1.3826 on Wednesday.
The United States Dollar Index was down 0.60 of a point at 99.28. After being struck down by a federal court on Wednesday, an appeals court today reinstated President Donald Trump’s ability to unilaterally impose tariffs on other countries’ goods.
Crude oil prices declined after OPEC+ continued to meet today to discuss potential output hikes. West Texas Intermediate lost US$0.93 at US$60.91/barrel, while Brent crude oil fell US$0.75 at US$64.15.
The TSX/S&P Composite Index dropped 72.89 points at 26,210.56.
Gold was up US$17.80 per ounce at $3,340.20.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 7.29
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. up $ 1.05 at $ 63.06
Maple Leaf Foods up $ 0.21 at $ 27.28
Nutrien Ltd. dn $ 1.23 at $ 81.17
RB Global Inc. dn $ 1.55 at $143.31
(All figures are in Canadian dollars.)
