Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar was lower on Wednesday, as the United States dollar reversed course to surge upward.
The loonie closed at US$0.7331 or US$1=C$1.3641, compared to Tuesday’s close of US$0.7367 or US$1=C$1.3574.
On the U.S. Dollar Index, the greenback climbed 1.109 points at 111.090 following news of reduced unemployment in the U.S.
Benchmark crude oil prices were higher on Wednesday, after the OPEC+ alliance agreed to slash their oil production by two million barrels per day for their biggest cut since 2020.
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Brent crude oil added US$1.86 at US$93.66 per barrel. West Texas Intermediate (WTI) crude oil increased US$1.48 at US$88.00/barrel. Western Canadian Select (WCS) rose US$1.67 at US$63.57 per barrel.
The TSX Composite Index was down 135.90 points to finish Wednesday at 19,235.0S9.
Gold lost US$4.30 at US$1,726.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.03
Farmers Edge Inc. dn $ 0.03 at $ 0.56
Linamar Corp. up $ 0.19 at $ 57.75
Maple Leaf Foods dn $ 0.11 at $ 21.18
Nutrien Ltd. dn $ 4.67 at $114.52
Ritchie Bros Auctioneers Inc. dn $ 2.04 at $ 86.40
(All figures are in Canadian dollars.)
