By MarketsFarm
WINNIPEG, Feb. 6 (MarketsFarm) – The Canadian dollar was virtually unchanged at market close on Thursday, as crude oil prices didn’t have a clear direction as to which way to go.
The loonie finished the day at US$0.7524 or US$1=C$1.3290, which compares with Wednesday’s close of US$0.7525 or C$1.3289.
Benchmark crude oil prices traded either side of steady on Thursday as the Organization of the Petroleum Exporting Countries (OPEC) and Russia had yet to come to a decision about future production cuts stemming from the coronavirus outbreak.
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Brent crude oil was down 14 cents at US$55.14 per barrel, while West Texas Intermediate (WTI) was up 35 cents at US$51.10 per barrel. Meanwhile, Western Canadian Select (WCS) gained 38 cents to close at US$33.73 per barrel.
The TSX/S&P Composite Index was up 105.90 on Thursday to close at 17,757.49 points, as it continued to recover from last week’s losses over the coronavirus.
Gold was up US$11.00 on Thursday to close at US$1,567.02 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.89
Linamar Corp. dn $ 0.33 at $ 44.76
Maple Leaf Foods up $ 0.16 at $ 26.10
Nutrien Ltd. dn $ 0.05 at $ 58.87
Ritchie Bros Auctioneers Inc. up $ 0.99 at $ 57.75
Rocky Mountain Dealerships Inc. unchanged at $ 6.75
(All figures are in Canadian dollars.)
