WINNIPEG – The Canadian dollar eased off a little bit at Wednesday’s close.
The loonie closed at US$0.7765 or US$1=C$1.2878, down from US$0.7774 or US$1=C$1.2864 on Tuesday. The United States Dollar Index gained 0.60 of a point to 105.11.
After days of rallies, crude oil reversed course on Wednesday as signs indicated slowing gasoline demand. Brent crude oil lost US$2.78 per barrel at US$115.20. West Texas Intermediate (WTI) crude oil dropped US$2.33 at US$109.43/barrel. Western Canadian Select (WCS) fell US$2.19 per barrel to US$91.49.
The TSX/S&P Composite Index fell 144.10 points on Wednesday to 19,078.64.
Gold declined US$0.60 at US$1,820.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.34
Farmer’s Edge Inc. dn $ 0.02 at $ 1.73
Linamar Corp. dn $ 1.34 at $ 55.43
Maple Leaf Foods up $ 0.18 at $ 25.32
Nutrien Ltd. dn $ 2.84 at $106.16
Ritchie Bros Auctioneers Inc. up $ 1.55 at $ 82.11
(All figures are in Canadian dollars.)
