By MarketsFarm
WINNIPEG, Feb. 26 (MarketsFarm) – The Canadian dollar remained virtually unchanged for a second day at market close on Wednesday, as Western Canadian Select (WCS) was steady and there were small gains made in the commodity markets.
The loonie finished the day at US$0.7531 or US$1=C$1.3279, which compares with Monday’s close of US$0.7530 or C$1.3281.
Canola on the Intercontinental Exchange (ICE) achieved small gains on Wednesday, after incurring sharp losses on Monday and Tuesday,
Benchmark crude oil prices were weaker on Wednesday, as fears over COVID-19 coronavirus remained a major influence in the markets. The day marked the first time that more new cases were reported outside of China than within the country. Cases of COVID-19 have been reported in Brazil, the first South American country to be affected by the potentially fatal disease.
Read Also
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was weaker Wednesday morning. At 9:08 a.m. CDT the Canadian dollar was trading at…
Brent crude oil dropped US$1.56 at US$53.39 per barrel, and West Texas Intermediate (WTI) lost US$1.21 at US$48.69 per barrel. However, WCS inched up 17 cents to close at US$34.46 per barrel.
The TSX/S&P Composite Index lost 135.45 points to finish the day at 17,041.92, as coronavirus concerns still affected that market.
Gold was up US$6.11 on Wednesday to close at US$1,641.25 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.95
Linamar Corp. dn $ 1.13 at $ 38.01
Maple Leaf Foods dn $ 0.59 at $ 23.67
Nutrien Ltd. dn $ 0.08 at $ 53.88
Ritchie Bros Auctioneers Inc. dn $ 0.59 at $ 55.19
Rocky Mountain Dealerships Inc. dn $ 0.06 at $ 6.28
(All figures are in Canadian dollars.)
