By MarketsFarm
WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as losses in outside equity markets weighed on the currency.
The Canadian dollar closed at US$0.7828 or US$1=C$1.2775, which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702.
Renewed concerns over the global pandemic, as COVID-19 cases topped 100 million worldwide, sent many financial markets lower on Wednesday.
West Texas Intermediate crude oil was down by 0.08 per cent, at US$52.58 per barrel.
The TSX Composite Index was down sharply on the day, losing 354.98 points, or 2.00 per cent, to close at 17,424.43 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.66
Linamar Corp.——————–dn $ 4.89 at $ 67.04
Maple Leaf Foods—————–dn $ 0.31 at $ 25.28
Nutrien Ltd.———————dn $ 1.54 at $ 65.36
Ritchie Bros Auctioneers Inc.—-dn $ 3.75 at $ 76.33
(All figures are in Canadian dollars.)
