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Canadian Financial Close: Dollar stronger on Thursday

By MarketsFarm

WINNIPEG, Dec. 3 (MarketsFarm) – The Canadian dollar was stronger on Thursday.

The dollar finished the day at US$0.7764 or US$1=C$1.2880, compared to Wednesday when it closed at US$0.7731 or US$1=C$1.2934.

Global stock indices were slightly lower, following news that Pfizer is struggling with supply-chain issues with the COVID-19 vaccine. This erased previous optimism the the vaccine could be delivered before the end of 2020. The TSX closed up by 61.28 points at 17,358.21.

Benchmark crude oil indices were slightly stronger on the day, following indications that the Organization of Petroleum Exporting Countries and its allies (OPEC+) are close to a deal to continue output cuts. West Texas Intermediate (WTI) was up by 38 cents to close at US$45.66. Brent Crude gained 40 cents at US$48.65.

Canada’s agricultural sector fared as follows:

Buhler Int.                  unchanged      at $ 2.69
Linamar Corp.                    up $ 1.25     at $ 65.80
Maple Leaf Foods                 up $ 0.18     at $ 27.43
Nutrien Ltd.                     up  $ 0.13     at $ 63.43
Ritchie Bros Auctioneers Inc.    dn  $ 0.01     at $ 89.90
Rocky Mountain Dealerships Inc.  up $ 0.01     at $  7.13

(All figures are in Canadian dollars.)

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