WINNIPEG – The Canadian dollar fell on Wednesday while minutes from last month’s meeting of the United States Federal Reserve provided little clarity on which fiscal direction it will take.
The loonie was at US$0.8016 or US$1=C$1.2475 on Wednesday, down from Tuesday’s close at US$0.8035 or US$1=C$1.2446. The U.S. Federal Reserve is debating when would be the right time to taper off its bond-buying program to relieve inflation. Meanwhile, the U.S. Dollar Index was up 0.17 points at 92.72.
Benchmark crude oil prices continued to drop on Wednesday, as oil prices remained volatile. Brent crude oil plunged US$1.33 per barrel to US$73.20. West Texas Intermediate (WTI) crude oil lost US$1.41 to US$71.96/barrel. Western Canadian Select (WCS) crude oil tumbled US$1.32 to US$58.76/barrel.
Read Also
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding near unchanged Monday morning. At 9:08 a.m. CDT the Canadian dollar was…
The TSX Composite Index decreased 9.43 points to 20,290.60.
Gold advanced US$6.42 per ounce to US$1,803.50.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.02 at $ 3.30
Farmer’s Edge Inc. dn $ 0.29 at $ 11.84
Linamar Corp. dn $ 0.08 at $ 75.03
Maple Leaf Foods dn $ 0.76 at $ 24.82
Nutrien Ltd. up $ 0.67 at $ 74.27
Ritchie Bros Auctioneers Inc. up $ 1.28 at $ 75.31
(All figures are in Canadian dollars.)
