Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 22 (MarketsFarm) – The Canadian dollar was higher on Thursday, supported by gains in crude oil and despite an increase in the United States dollar.
With the final settlement still pending, the loonie was at US$0.7998 or US$1=C$1.2502, compared to Wednesday’s close of US$0.7985 or US$1=C$1.2523.
On the U.S. Dollar Index, the greenback was up 0.151 at 91.270 points.
Benchmark crude oil prices were slightly higher on Thursday as lost oil production in Libya offset concerns over the COVID-19 crisis in India, the world’s third largest oil user.
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Brent crude oil was up 24 cents at US$65.56 per barrel. West Texas Intermediate (WTI) crude oil rose 27 cents at US$61.62/barrel. Western Canadian Select (WCS) gained 43 cents at US$49.59/barrel.
The TSX Composite Index lost 111.61 points on Thursday to finish at 19,031.64.
Gold dropped US$8.80 at US$1,784.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.57
Farmers Edge Inc. up $ 0.09 at $ 17.85
Linamar Corp. up $ 0.55 at $ 73.48
Maple Leaf Foods dn $ 0.31 at $ 28.69
Nutrien Ltd. dn $ 0.41 at $ 67.19
Ritchie Bros Auctioneers Inc. dn $ 0.25 at $ 77.75
(All figures are in Canadian dollars.)
