Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Dec. 1 (MarketsFarm) – The Canadian dollar was slightly higher on Wednesday, despite dipping below 78 United States at one point.
The loonie closed at US$0.7827 or US$1=C$1.2776, compared to Tuesday’s close of US$0.7817 or US$1=C$1.2792.
On the U.S. Dollar Index, the greenback bumped up 0.073 of a point at 96.080.
Benchmark crude oil prices were slightly lower on Wednesday, giving up larger increases as fears over the Omicron variant killed the rally from earlier in the session.
Brent crude oil pulled back 74 cents at US$68.49 per barrel. West Texas Intermediate (WTI) crude oil lost 92 cents at US$65.26 per barrel. Western Canadian Select (WCS) was down 45 cents at US$47.14 per barrel.
The TSX Composite Index gave up 195.39 points on Wednesday, to finish at 20,464.60.
Gold gained US$5.40 at US$1,781.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.09
Farmers Edge Inc. dn $ 0.03 at $ 3.36
Linamar Corp. dn $ 0.50 at $ 72.84
Maple Leaf Foods dn $ 0.06 at $ 28.19
Nutrien Ltd. dn $ 0.12 at $ 84.56
Ritchie Bros Auctioneers Inc. dn $ 1.00 at $ 85.71
(All figures are in Canadian dollars.)
