WINNIPEG, Jan. 16 (MarketsFarm) – The Canadian dollar was steady on Thursday.
The dollar finished the day at US$0.7666 or US$1=C$1.3045, compared to Wednesday when it closed at US$0.7663 or US$1=C$1.3050.
Stock markets were stronger on the heels of the signed phase one trade deal between the United States and China. Additionally, the U.S. Senate also voted to pass the new North American trade agreement, known as the U.S. -Mexico-Canada Agreement or USMCA.
The TSX Composite Index closed higher by 62.27 points at 17,484.77. The S&P 500 gained 27.52 to close at 3,316.81. The Dow Jones was up by 267.42 to finish at 29,297.64. The NASDAQ was up 98.43 to finish at 9,357.13.
Benchmark oil prices were stronger due to generally positive global trade sentiments. Brent crude oil was 65 cents higher, closing at US$64.65 per barrel. West Texas Intermediate (WTI) crude oil was up by 67 cents to close at US$58.48 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 2.79
Linamar Corp. up $ 0.29 at $ 47.40
Maple Leaf Foods dn $ 0.13 at $ 25.05
Nutrien Ltd. dn $ 1.26 at $ 61.38
Ritchie Bros Auctioneers Inc. dn $ 0.19 at $ 58.05
Rocky Mountain Dealerships Inc. up $ 0.19 at $ 6.95
(All figures are in Canadian dollars.)