By MarketsFarm
WINNIPEG, May 8 (MarketsFarm) – The Canadian dollar was
steady at Wednesday’s close, as stock index performance was
mixed and oil futures rallied.
The Canadian dollar closed at US$.7426 or US$1=C$1.3466, up
from Tuesday’s close of US$.7421 or US$1=C$1.3476.
The S&P/TSX Composite Index gained 39.65 points to close
at 16,397.40.
The TSX rebound following two days of losses could be
attributed to “a whiff of hope about the U.S. reaching a trade
Read Also
Canadian Financial Close: C$ weaker Thursday
Glacier FarmMedia — The Canadian dollar was weaker on Thursday, as its United States counterpart regained lost ground in international…
The NASDAQ lost 20.44 at 7,943.32 points. Conversely, the
Dow Jones gained 2.24 points to close at 25,967.33. The S&P 500
Index was down by 4.63 points, closing at 2,879.42 points.
Oil futures rallied by one per cent, following a surprising
drawdown in U.S. crude stockpiles, according to Reuters. West
Texas Intermediate gained 64 cents to hit US$62.04 per barrel,
and Brent Crude oil gained 41 cents to hit US$70.29 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-up $ 0.04 at $ 17.99
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————up $ 0.42 at $ 47.12
Maple Leaf Foods—————dn $ 0.84 at $ 33.19
Nutrien Ltd. ——————up $ 0.42 at $ 69.59
Ritchie Bros Auctioneers Inc.–up $ 0.03 at $ 46.61
Rocky Mountain Dealership Inc.-unch at $ 8.64
(All figures are in Canadian dollars.)
