WINNIPEG – The Canadian dollar moved upward on Wednesday as Statistics Canada released its 2021 Census.
The loonie was at US$0.7886 or US$1=C$1.2680 on Wednesday, up from Tuesday’s close of US$0.7868 or US$1=C$1.2709. Statistics Canada reported on Wednesday that the country’s population grew 5.2 per cent, the highest rate in the G7, to 36.9 million.
The United States Dollar Index was down 0.10 of a point to 95.55.
Benchmark crude oil prices jumped on Wednesday as the Energy Information Administration reported U.S. crude oil stockpiles were at their lowest level since October 2018. Brent crude oil rose US$1.03 per barrel to US$91.81. West Texas Intermediate (WTI) crude oil bumped up US$0.71 to US$90.07/barrel. Western Canadian Select (WCS) crude oil increased US$0.69 at US$76.45/barrel.
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The TSX/S&P Composite Index climbed for the second straight day, adding 227.01 points to 21,604.19.
Gold advanced US$5.40 per ounce to US$1,833.30.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 3.01
Farmer’s Edge Inc. up $ 0.15 at $ 2.70
Linamar Corp. up $ 0.51 at $ 70.77
Maple Leaf Foods up $ 0.38 at $ 31.70
Nutrien Ltd. up $ 0.87 at $ 95.28
Ritchie Bros Auctioneers Inc. up $ 1.67 at $ 79.44
(All figures are in Canadian dollars.)
