Compiled by Glen Hallick, MarketsFarm
WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar nudged up a little high for the third consecutive day on Wednesday, spurred on by rising crude oil prices, but tempered by a stronger United States dollar.
The loonie closed at US$0.7974 or US$1=C$1.2540, compared to Tuesday’s close of US$0.7965 or US$1=C$1.2555.
On the U.S. Dollar Index, the greenback pushed higher by 0.245 of a point at 102.420.
Benchmark crude oil prices increased on Wednesday, as stocks of U.S. crude and gasoline decreased.
Brent crude oil jumped US$3.43 at US$124.00 per barrel. West Texas Intermediate (WTI) crude oil advanced US$3.14 at US$122.55 per barrel. Western Canadian Select (WCS) gained US$2.20 at US$103.02 per barrel.
The TSX Composite Index was down 135.78 points to finish Wednesday at 20,792.43.
Gold was up US$2.40 at US$1,854.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.03 at $ 2.40
Farmers Edge Inc. dn $ 0.08 at $ 2.20
Linamar Corp. up $ 0.66 at $ 57.56
Maple Leaf Foods up $ 0.28 at $ 27.78
Nutrien Ltd. dn $ 1.21 at $110.89
Ritchie Bros Auctioneers Inc. dn $ 1.61 at $ 75.71
(All figures are in Canadian dollars.)
