By MarketsFarm
WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar was stronger at midweek, but closed off of its daily high.
The dollar finished the day at US$0.7468 or US$1=C$1.3390, compared to Tuesday when it closed at US$0.7450 or US$1=C$1.3423.
The United States dollar has been broadly weaker, and stayed lower following comments from Federal Reserve Chairman Jerome Powell, who said the COVID-19 pandemic could “inflict permanent damage on the economy.”
The TSX Composite Index was down 132.33 points to close at 15,701.33.
Benchmark crude oil prices were slightly higher due to reports of low stockpiles in the U.S. West Texas Intermediate (WTI) was up by 16 cents to close at US$39.10. Brent Crude was up seven cents at US$41.25.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.53
Linamar Corp. dn $ 1.21 at $ 43.66
Maple Leaf Foods up $ 1.24 at $ 27.75
Nutrien Ltd. dn $ 0.82 at $ 50.51
Ritchie Bros Auctioneers Inc. dn $ 1.74 at $ 55.65
Rocky Mountain Dealerships Inc. dn $ 0.20 at $ 5.39
(All figures are in Canadian dollars.)
