WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar held steady on Thursday, lacking any clear direction for the second day in a row as market participants continued to contemplate future interest rate policy moves from the Bank of Canada.
The Bank left its key overnight rate unchanged at 0.25 per cent on Wednesday, but was seen as taking a more hawkish stance going forward.
The Canadian dollar closed at US$0.8269 or US$1=C$1.2094 on Thursday, which compares with Wednesday’s North American close of US$0.8268 or US$1=C$1.2095.
Crude oil was slightly stronger, with West Texas Intermediate up by 0.20 per cent at US$70.10 per barrel.
The TSX Composite Index was stronger, up 47.20 points, or 0.24 per cent, to close at 20,049.47 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.15 at $ 3.57
Linamar Corp.——————–dn $ 1.31 at $ 81.99
Maple Leaf Foods—————–up $ 0.34 at $ 26.20
Nutrien Ltd.———————dn $ 0.74 at $ 78.13
Ritchie Bros Auctioneers Inc.—-dn $ 0.17 at $ 69.73
Farmers Edge Inc.—————-up $ 0.11 at $ 12.75
(All figures are in Canadian dollars.)