By MarketsFarm
WINNIPEG, April 14 (MarketsFarm) – The Canadian dollar held relatively steady on Thursday, as pressure from the broad strength seen by the United States dollar internationally was countered by gains in crude oil.
The Canadian dollar closed at US$0.7936 or US$1=C$1.2601 on Thursday, which compares with Wednesday’s North American close of US$0.7932 or US$1=C$1.2607.
Crude oil was underpinned by the ongoing conflict in Ukraine and reports of declining output from China. West Texas Intermediate crude oil was up by 2.06 per cent, at US$106.40 per barrel.
The TSX Composite Index was stronger, up 17.68 points, or 0.08 per cent, to close at 21,855.70 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.67
Linamar Corp.——————–dn $ 0.29 at $ 49.94
Maple Leaf Foods—————–dn $ 0.34 at $ 28.48
Nutrien Ltd.———————up $ 3.42 at $141.34
Ritchie Bros Auctioneers Inc.—-dn $ 1.58 at $ 70.15
Farmers Edge Inc.—————-dn $ 0.06 at $ 2.94
(All figures are in Canadian dollars.)
