By MarketsFarm
WINNIPEG, June 13 (MarketsFarm) – The Canadian dollar was down at market close on Thursday, following a report regarding consumer debt in Canada.
The loonie finished the day at US$0.7505 or US$1=C$1.3324, which compares with Wednesday’s close of US$0.7517 or C$1.3303.
Although the level of Canadian consumer debt was down slightly, from 173.7 per cent of income to 173.0 per cent, the amount still remained at near record levels, according to Statistics Canada.
The TSX/S&P Composite Index was up 12.02 points on Thursday to finish at 16,239.26, due to gains in energy stocks.
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Benchmark oil prices jumped Thursday, following attacks on two oil tankers passing through the Strait of Hormuz in the Middle East. The United States accused Iran of being behind the attacks, of which the latter denied. Also pushing up prices was the strong likelihood of OPEC, Russia and their oil allies extending their production cuts passed June.
Brent crude oil gained US$1.38 to close at US$61.35 per barrel. West Texas Intermediate crude oil rose US$1.09 to close at US$52.23 per barrel.
As of June 12, the price differential between WTI and Western Canadian Select crude oil shrunk US$1.12 at US$11.99 per barrel. The price of WCS was down US$1.01 on Wednesday, which closed at US$39.15 per barrel.
Gold was up US$8.40 on Thursday to close at US$1,345.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.18 at $ 3.85
Linamar Corp. up $ 0.82 at $ 45.87
Maple Leaf Foods up $ 0.26 at $ 30.99
Nutrien Ltd. up $ 0.15 at $ 70.80
Ritchie Bros Auctioneers Inc. up $ 0.13 at $ 46.71
Rocky Mountain Dealerships Inc. dn $ 0.12 at $ 8.36
(All figures are in Canadian dollars.)
