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Canadian Financial Close: Canadian dollar higher on Tuesday

By MarketsFarm

WINNIPEG, Sept. 19 (MarketsFarm) – The Canadian dollar was slightly stronger on Thursday, following marginally higher crude oil values.

The dollar finished the day at US$0.7542 or US$1=C$1.3259, which compares with Wednesday’s close of US$0.7535 or US$1=C$1.3271.

Global equities were mixed, finding strength from the positive outlook for the trade war between the United States and China. Deputy negotiators from both countries met in Washington today and will continue talks on Friday.

The TSX Composite Index closed higher by 58.06 points at 16,858.35. The S&P 500 gained 0.06 to close at 3,006.79. Conversely, the Dow Jones dropped 52.29 points to finish at 27,094.79. The NASDAQ was up 5.49 to finish at 8,182.88.

Benchmark oil prices were slightly higher following reports of the U.S building a coalition against Iran following the weekend attack on Saudi Arabian oil facilities, according to Reuters. Brent crude oil was up by US$1.02 to close at US$64.62 per barrel. West Texas Intermediate (WTI) crude oil was up 29 U.S. cents to close at US$58.40 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries up $ 0.12 at $ 3.75
Linamar Corp. up $ 0.07 at $ 43.56
Maple Leaf Foods dn $ 0.60 at $ 30.58
Nutrien Ltd. up $ 0.33 at $ 69.08
Ritchie Bros Auctioneers Inc. up $ 0.04 at $ 50.80
Rocky Mountain Dealerships Inc. dn $ 0.18 at $ 7.17

(All figures are in Canadian dollars.)


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Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.



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