By MarketsFarm

WINNIPEG, Jan. 6 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday.

The dollar finished the day at US$0.7883 or US$1=C$1.2685, compared to Tuesday when it closed at US$0.7870 or US$1=C$1.2707.

Global stock indices were stronger on the day due to positive sentiments surrounding COVID-19 vaccine distribution. The TSX closed up by 145.6 points at 17,828.11.

Benchmark crude oil prices were also stronger on the day. West Texas Intermediate (WTI) was up by 54 cents to close at US$50.47. Brent Crude was up by 53 at US$54.13.
Canada’s agricultural sector fared as follows:

Buhler Int.                  up $ 0.10     at $ 2.70
Linamar Corp.                    up $ 3.41     at $ 71.41
Maple Leaf Foods                 dn  $ 0.46     at $ 27.11
Nutrien Ltd.                     up  $ 2.00     at $ 65.55
Ritchie Bros Auctioneers Inc.    dn  $ 0.80     at $ 85.83
Rocky Mountain Dealerships Inc.  unchanged      at $  7.40

(All figures are in Canadian dollars.)

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