Compiled by MarketsFarm
WINNIPEG, Jan. 19 (MarketsFarm) – The Canadian dollar retreated a little bit more on Thursday, adding more to the losses incurred yesterday.
The loonie closed at US$0.7423 or US$1=C$1.3472, compared to Wednesday’s close of US$0.7441 or US$1=C$1.3439. On the U.S. Dollar Index, the greenback was down 0.262 of a point at 101.845.
The Teranet-National Bank National Composite House Price Index reported the price of a house in Canada fell 1.1 per cent in December, with the largest loss in Winnipeg at 1.8 per cent.
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Benchmark crude oil prices were higher on Thursday, overcoming pressure from larger U.S. crude inventories and a decline in exports out of Saudi Arabia.
Brent crude oil added US$1.21 at US$86.19 per barrel and West Texas Intermediate (WTI) tacked on 90 cents at US$80.38. Western Canadian Select (WCS) gained US$1.03 at US$57.23.
The TSX Composite Index finished Wednesday slipping 34.79 points at 20,341.44.
Gold surged ahead US$27.10 at US$1,934.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.04 at $ 1.95 Farmers Edge Inc. unchanged at $ 0.25 Linamar Corp. dn $ 1.27 at $ 64.39 Maple Leaf Foods dn $ 0.83 at $ 25.00 Nutrien Ltd. dn $ 1.77 at $102.68 Ritchie Bros Auctioneers Inc. unchanged at $ 80.28
(All figures are in Canadian dollars.)
