By MarketsFarm
WINNIPEG, April 11 (MarketsFarm) – The Canadian dollar was down at market close on Thursday along with benchmark crude oil prices.
The dollar finished Thursday at US$0.7475 or US$1=C$1.3378, which compares with Wednesday’s close of US$0.7504 or C$1.3326.
Benchmark oil prices were weaker on Thursday as OPEC and Russia indicated they would boost production this summer if supplies out of Iran and Venezuela become too tight. The U.S warned OPEC and Russia that shrinking world supplies have increased crude prices too much, even though the U.S. simultaneously imposed the sanctions on Iran and Venezuela that helped to reduce supplies.
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Also, supplies in the U.S. have increased, which has weighed on values.
Brent crude oil was down 76 cents to close at US$70.97 per barrel. West Texas Intermediate crude oil lost 93 cents to close at US$63.68 per barrel.
The TSX/S&P Composite Index was up 3.18 points on Thursday to finish at 16,399.47 points.
Gold was down US$19.10 on Thursday to US$1,294.80 per ounce.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients unchanged at $ 17.93
Buhler Industries up $ 0.04 at $ 3.61
Linamar Corp. dn $ 0.89 at $ 50.36
Maple Leaf Foods dn $ 0.50 at $ 30.19
Nutrien Ltd. dn $ 0.87 at $ 69.78
Ritchie Bros Auctioneers Inc. up $ 0.14 at $ 45.11
Rocky Mountain Dealerships Inc. dn $ 0.03 at $ 9.24
(All figures are in Canadian dollars.)
