By MarketsFarm
WINNIPEG, Sept. 12 (MarketsFarm) – The Canadian dollar was lower at market close on Thursday, as crude oil prices continued to weaken.
The loonie finished the day at US$0.7573 or US$1=C$1.3205, which compares with Wednesday’s close of US$0.7587 or C$1.3181.
Benchmark oil prices were down Thursday due to increased production in the United States plus a slowing global economy.
Brent crude oil slipped 37 cents to close at US$60.44 per barrel. West Texas Intermediate (WTI) crude oil lost 64 cents to close at US$55.11 per barrel. Western Canadian Select (WCS) crude oil was down 99 cents at US$43.02 per barrel.
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The TSX/S&P Composite Index was up 32.14 points on Thursday and closed at 16,643.28 on spillover from the U.S. markets.
News that the U.S. and China have been making progress ahead of their upcoming trade talks put the markets on the plus side. The Dow Jones gain 47.51 to end trading at 27,184.55 points. The NASDAQ rose 24.79 and finished at 8,194.47, while the S&P 500 was up 8.79 to end at 3,009.72 points.
Gold was up US$2.70 on Thursday to close at US$1,505.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.60
Linamar Corp. up $ 0.52 at $ 43.52
Maple Leaf Foods up $ 0.44 at $ 31.32
Nutrien Ltd. dn $ 0.84 at $ 67.50
Ritchie Bros Auctioneers Inc. dn $ 0.06 at $ 50.33
Rocky Mountain Dealerships Inc. dn $ 0.18 at $ 6.93
(All figures are in Canadian dollars.)
