WINNIPEG – The Canadian dollar made a slight gain on Wednesday towards the 80 United States cent mark.
The loonie closed at US$0.7955 or US$1=C$1.2571, up from Tuesday’s close of US$0.7944 or US$1=C$1.2588. The United States Dollar Index was up 0.13 of a point to 98.62.
Crude oil prices continued to rise due to the ongoing Russian invasion of Ukraine and repairs to the Caspian oil pipeline from the Black Sea. Brent crude oil rose US$6.25 per barrel to US$121.73. West Texas Intermediate (WTI) crude oil added US$5.41 to US$114.68/barrel. Western Canadian Select (WCS) increased US$5.89 to US$103.51.
The TSX/S&P Composite Index fell 142.17 points to 21,932.18.
Gold added US$25.30 per ounce to US$1,946.80.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.60
Farmer’s Edge Inc. dn $ 0.01 at $ 2.99
Linamar Corp. dn $ 1.37 at $ 56.37
Maple Leaf Foods dn $ 0.51 at $ 29.70
Nutrien Ltd. up $ 1.16 at $132.49
Ritchie Bros Auctioneers Inc. dn $ 0.38 at $ 73.97
(All figures are in Canadian dollars.)
