By MarketsFarm
WINNIPEG, April 3 (MarketsFarm) – The Canadian dollar inched over 75 U.S. cents on Wednesday, amid strong oil prices and stock indexes.
The Canadian dollar closed at US$.7505 or US$1=C$1.3324, up from Tuesday’s close of US$.7494 or US$1=C$1.3344.
The S&P/TSX Composite Index gained 15.99 points to close at 16,279.86, after hitting a year-to-date high earlier in the day of 16,337.96.
The NASDAQ closed up, gaining 46.86 at 7,895.55 points. Conversely, The Dow Jones lost 39 points to close at 26,218.13. The S&P 500 Index was up 6.16 points, closing at 2,873.40 points.
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Stock indexes remain strong thanks to positive trade talks between the United States and China.
Canadian jobs data will be released on Friday, and investors are bracing for disappointing news that could put “downward pressure” on the currency, said Alfonso Esparza, a senior currency analyst at OANDA, to Reuters.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-dn $ 0.03 at $ 17.93
Buhler Industries————–up $ 0.02 at $ 3.63
Linamar Corp ——————up $ 0.25 at $ 49.36
Maple Leaf Foods—————dn $ 0.11 at $ 30.44
Nutrien Ltd. ——————up $ 0.78 at $ 72.04
Ritchie Bros Auctioneers Inc.–dn $ 0.16 at $ 45.89
Rocky Mountain Dealership Inc.-dn $ 0.10 at $ 9.12
(All figures are in Canadian dollars.)
