WINNIPEG, Feb. 3 (MarketsFarm) – The Canadian dollar moved upward on Wednesday with Statistics Canada set to release its economic numbers from January tomorrow.
The loonie finished at US$0.7823 or US$1=C$1.2783, compared to Tuesday’s close of US$0.7802 or US$1=C$1.2818.
Crude oil moved higher again on Wednesday as the Joint Ministerial Monitoring Committee of OPEC+ ended its meeting and decided to make no changes to planned production cuts.
Brent crude oil increased by US$1.08 at US$58.54 per barrel. West Texas Intermediate (WTI) crude oil jumped US$1.05 at US$55.81/barrel. Western Canadian Select (WCS) crude oil went higher by US$0.67 at US$44.17/barrel.
The TSX Composite Index rose by 41.42 points on Wednesday to finish at 17,915.91.
Gold fell by US$4.40 at US$1,833.64 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.72
Linamar Corp. up $ 1.41 at $ 69.96
Maple Leaf Foods dn $ 0.02 at $ 24.98
Nutrien Ltd. up $ 0.98 at $ 65.90
Ritchie Bros Auctioneers Inc. dn $ 1.76 at $ 76.08
(All figures are in Canadian dollars.)
