WINNIPEG – The Canadian dollar made more gains on Thursday as fears ease on the markets over the Omicron COVID-19 variant.
The loonie was at US$0.7827 or US$1=C$1.2776 on Thursday, up from Wednesday’s close of US$0.7810 or US$1=C$1.2804. This, despite news of record-breaking amounts of daily cases and an announcement earlier today from WestJet that it will eliminate 15 per cent of its January flights due to COVID-19-related staffing shortages.
The United States Dollar Index was up 0.05 of a point to 95.98.
Benchmark crude oil prices were fairly steady on Thursday. Brent crude oil increased nine cents per barrel to US$79.32. Meanwhile, West Texas Intermediate (WTI) crude oil lost seven cents to US$76.49/barrel. Western Canadian Select (WCS) crude oil gained US$1.18 at US$62.87/barrel.
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The TSX/S&P Composite Index dropped 50.01 points to 21,294.64.
Gold rose US$10.30 per ounce to US$1,816.10.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.96
Farmer’s Edge Inc. dn $ 0.05 at $ 3.35
Linamar Corp. dn $ 0.38 at $ 74.91
Maple Leaf Foods up $ 0.38 at $ 29.27
Nutrien Ltd. dn $ 2.22 at $ 95.08
Ritchie Bros Auctioneers Inc. dn $ 0.65 at $ 78.04
(All figures are in Canadian dollars.)
