Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar pushed a little bit higher on Thursday, as the equity markets stabilized.
The loonie closed at US$0.8017 or US$1=C$1.2474, compared to Tuesday’s close of US$0.8005 or US$1=C$1.2492.
On the U.S. Dollar Index, the greenback gained 0.295 a point at 95.795.
Benchmark crude oil prices were lower to varying degrees on Thursday, after a series of daily increases led to seven-year highs.
Brent crude oil lost US$1.24 at US$87.20 per barrel. West Texas Intermediate (WTI) crude oil dipped six cents at US$86.90 per barrel. Western Canadian Select (WCS) stepped back 37 cents at US$71.59 per barrel.
At the close, the TSX Composite Index lost 146.98 points, or 0.69 per cent, on Thursday at 21,058.18.
Gold was down US$4.10 at US$1,839.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.07
Farmers Edge Inc. dn $ 0.08 at $ 2.94
Linamar Corp. dn $ 2.38 at $ 71.24
Maple Leaf Foods up $ 0.68 at $ 29.11
Nutrien Ltd. dn $ 2.21 at $ 90.10
Ritchie Bros Auctioneers Inc. up $ 0.39 at $ 78.40
(All figures are in Canadian dollars.)
