Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar finished lower on Thursday, as an increase in the United States dollar out-weighed higher crude oil prices.
The loonie closed at US$0.7803 or US$1=C$1.2815, compared to Wednesday’s close of US$0.7827 or US$1=C$1.2776.
On the U.S. Dollar Index, the greenback was up 0.121 of a point at 96.145.
Benchmark crude oil prices were higher on Thursday following the OPEC+ meeting, in which the alliance gave itself the ability to quickly adjust its production levels to meet current demands.
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Brent crude oil was up US$1.28 at US$70.15 per barrel. West Texas Intermediate (WTI) crude oil increased US$1.37 at US$66.94 per barrel. Western Canadian Select (WCS) rose US$1.66 at US$48.80 per barrel.
The TSX Composite Index gained 297.43 points on Thursday, to finish at 20,762.03.
Gold fell US$14.90 at US$1,769.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.03 at $ 3.06
Farmers Edge Inc. up $ 0.02 at $ 3.38
Linamar Corp. up $ 1.84 at $ 74.68
Maple Leaf Foods up $ 0.61 at $ 28.80
Nutrien Ltd. up $ 1.76 at $ 86.32
Ritchie Bros Auctioneers Inc. up $ 2.59 at $ 88.30
(All figures are in Canadian dollars.)
