By MarketsFarm
WINNIPEG, June 6 (MarketsFarm) – The Canadian dollar was up at Thursday’s close, following positive market sentiments.
The Canadian dollar closed at US$0.7475 or US$1=C$1.3378, up from Wednesday’s close of US$.7462 or US$1=C$1.3401.
The TSX gained 15.14 points to close at 16,227.80.
Markets reacted to remarks from the U.S. Federal Reserve that indicate monetary policy may be easing to further stimulate the economy. Lael Brainard, an official with the Federal Reserve, said the fed was “prepared to adjust policy” in light of ongoing trade disputes, according to Yahoo Finance.
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The Dow Jones Industrial gained 182.92 points to close at 25,722.15. The NASDAQ gained 40.07 points to close at 7,615.55. The S&P 500 Index was up 17.32 points, closing at 2,843.46 points.
Oil prices rallied after days of losses. West Texas Intermediate gained US$1.49 to end the day at US$53.17 per barrel, and Brent Crude oil gained US$1.71 to hit US$62.34 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients unchanged at $ 17.99
Buhler Industries unchanged at $ 3.62
Linamar Corp. up $ 0.17 at $ 43.10
Maple Leaf Foods dn $ 0.14 at $ 29.90
Nutrien Ltd. up $ 0.21 at $ 69.25
Ritchie Bros Auctioneers Inc. dn $ 0.07 at $ 45.24
Rocky Mountain Dealerships Inc. dn $ 0.12 at $ 8.56
(All figures are in Canadian dollars.)
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