By MarketsFarm
WINNIPEG, July 3 (MarketsFarm) – The Canadian dollar was slightly stronger at market close on Wednesday.
The dollar finished the day at US$0.7649 or US$1=C$1.3073, which compares with Tuesday’s close of US$0.7625 or US$1=C$1.3114.
The S&P 500 hit its third straight closing high on Wednesday, up 22.81 points to 2,995.82 thanks to strong performances from technology and health care stocks.
The TSX/S&P Composite Index was up 104.91 points on Tuesday to finish at 16,576.20. The NASDAQ was similarly up 61.14 at 8,170.23 points. The Dow Jones was up 179.32 points to close at 26,966.00.
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Benchmark oil prices rebounded following a report that United States stockpiles dropped in the past week, tempering concerns of reduced global demand. Brent crude oil was up by US$1.56 cents to close at US$63.96 per barrel. West Texas Intermediate (WTI) crude oil gained US$1.12 to close at US$57.37 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.04 at $ 3.91
Linamar Corp. dn $ 1.61 at $ 47.10
Maple Leaf Foods up $ 0.03 at $ 28.84
Nutrien Ltd. dn $ 0.30 at $ 70.14
Ritchie Bros Auctioneers Inc. up $ 0.14 at $ 44.12
Rocky Mountain Dealerships Inc. up $ 0.09 at $ 7.90
(All figures are in Canadian dollars.)
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