Canadian Financial Close: Loonie stronger at midweek

By MarketsFarm

WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar remained over 75 United States cents on Wednesday, reacting to relative strength in financial markets.

The dollar finished the day at US$0.7545 or US$1=C$1.3254, compared to Tuesday when it closed at US$0.7524 or US$1=C$1.3291.

Gains in U.S. stock indices were led by a strong performance in the healthcare sector, as Moderna announced a deal that would supply the U.S. with 100 million doses of a COVID-19 vaccine that is currently in late-stage human trials.

The TSX Composite Index gained 78.27 points to close at 16,575.28.

Benchmark crude oil prices were stronger at midweek after dropping slightly yesterday. West Texas Intermediate (WTI) was up 96 cents to close at US$42.57. Brent Crude was up 82 cents at US$45.13.

Canada’s agricultural sector fared as follows:

Buhler Int.  dn $ 0.04     at $  2.57
Linamar Corp.                    dn  $ 0.21     at $ 42.67
Maple Leaf Foods                 up  $ 0.10     at $ 29.00
Nutrien Ltd.                     dn  $ 0.10     at $ 51.09
Ritchie Bros Auctioneers Inc.    up  $ 5.45     at $ 82.11
Rocky Mountain Dealerships Inc.  up $ 0.01     at $  4.61

(All figures are in Canadian dollars.)

Futures Prices as of August 12, 2020

Canola
Price Change
Milling Wheat
1970-01-01 00:00
Price Change
Durum
1970-01-01 00:00
Price Change
New Barley
1970-01-01 00:00
Price Change

Prices are in Canadian dollars per metric ton

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