WINNIPEG – The Canadian dollar saw a decline of a quarter cent on Thursday.
The loonie closed at US$0.7338 or US$1=C$1.3628, compared to US$0.7363 or US$1=C$1.3582 on Wednesday.
The United States Dollar Index increased 0.36 of a point at 104.25. The U.S. Commerce Department reported today that the country’s economy grew at a 1.3 per cent annual rate during the first quarter.
Crude oil fell on Thursday amidst uncertainty over the U.S. debt ceiling. Brent crude oil dropped US$2.16 per barrel at US$76.20. West Texas Intermediate (WTI) lost US$2.41 at US$71.93/barrel.
The TSX/S&P Composite Index surrendered 153.61 points to 19,774.08.
Gold was down US$23.90 at US$1,940.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.22
Farmer’s Edge Inc. up $ 0.035 at $ 0.22
Linamar Corp. dn $ 0.52 at $ 63.38
Maple Leaf Foods dn $ 0.16 at $ 25.41
Nutrien Ltd. dn $ 1.62 at $ 76.85
Ritchie Bros Auctioneers Inc. dn $ 2.26 at $ 74.25
(All figures are in Canadian dollars.)
