By MarketsFarm
WINNIPEG, Sept. 5 (MarketsFarm) – The Canadian dollar remained well above the 75 U.S. cent mark, following stronger stock indexes.
The dollar finished the day at US$0.7560 or US$1=C$1.3228, which compares with Wednesday’s close of US$0.7540 or US$1=C$1.3263.
Global equities were stronger today, thanks to gains mostly in the technology sector. Trade war concerns have eased as the United States and China prepare to re-start negotiations in October.
The TSX Composite Index closed higher by 125.97 points at 16,574.81. The S&P 500 gained 37.61 to close at 2,975.39. Similarly, the Dow Jones rose 382.77 points to finish at 26,738.24. The NASDAQ was up 134.91 to finish at 8,111.79.
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Benchmark oil prices were mostly steady, following a report that U.S. inventories fell last week. Brent crude oil was up by seven U.S. cents to close at US$60.77 per barrel. West Texas Intermediate (WTI) crude oil was down six cents to close at US$56.20 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 2.64
Linamar Corp. up $ 1.47 at $ 41.04
Maple Leaf Foods dn $ 0.39 at $ 30.79
Nutrien Ltd. up $ 1.95 at $ 68.02
Ritchie Bros Auctioneers Inc. dn $ 0.38 at $ 52.01
Rocky Mountain Dealerships Inc. up $ 0.05 at $ 6.75
(All figures are in Canadian dollars.)
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