WINNIPEG – The Canadian dollar moved upwards toward the 73 United States cent mark on Thursday.
The loonie closed at US$0.7284 or US$1=C$1.3729, up from US$0.7257 or US$1=C$1.3779 on Wednesday. The United States Dollar Index was down 0.09 of a point at 112.89.
Crude oil prices made slight gains due to speculation China may ease its COVID-19 quarantine restrictions. Brent crude oil added US$0.14 per barrel to US$92.55. West Texas Intermediate (WTI) crude oil increased US$0.43 at US$85.98/barrel. Western Canadian Select (WCS) was higher by US$0.82 per barrel to US$58.01.
The TSX/S&P Composite lost 95.11 points at 18,579.29.
Gold declined US$2.40 at US$1,631.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 1.98
Farmer’s Edge Inc. dn $ 0.04 at $ 0.50
Linamar Corp. dn $ 1.20 at $ 56.15
Maple Leaf Foods dn $ 0.37 at $ 20.06
Nutrien Ltd. up $ 1.30 at $113.73
Ritchie Bros Auctioneers Inc. dn $ 1.80 at $ 85.65
(All figures are in Canadian dollars.)
