WINNIPEG – The Canadian dollar fell to its lowest close in three weeks on Wednesday.
The loonie closed at US$0.7534 or US$1=C$1.3273 on Wednesday, compared to US$0.7565 or US$1=C$1.3219 on Tuesday. The United States Dollar Index advanced 0.32 of a point at 103.36. Minutes from the U.S. Federal Reserve’s meeting in June, which were released today, indicated there were dissenting officials when the central bank left interest rates unchanged.
Crude oil continued to rise on Wednesday after Saudi Arabia and Russia curbed their respective supplies. Brent crude oil increased US$0.41/barrel at US$76.66. West Texas Intermediate (WTI) jumped US$2.13 at US$71.92/barrel.
The TSX/S&P Composite Index fell 100.98 points at 20,103.89.
Gold shed US$5.80 at US$1,923.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.05 at $ 2.10
Farmer’s Edge Inc. dn $ 0.02 at $ 0.185
Linamar Corp. dn $ 0.97 at $ 68.88
Maple Leaf Foods up $ 0.06 at $ 26.25
Nutrien Ltd. up $ 0.20 at $ 79.43
Ritchie Bros Auctioneers Inc. dn $ 1.18 at $ 79.34
(All figures are in Canadian dollars.)
