Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Aug. 26 (MarketsFarm) – The Canadian dollar stepped back on Thursday, as the United States dollar gained some ground, while crude oil was down.
The loonie closed at US$0.7905 or US$1=C$1.2605, compared to Wednesday’s close of US$0.7925 or US$1=C$1.2619.
On the U.S. Dollar Index, the greenback rose 0.233 at 93.065 points ahead of the U.S. Federal Reserve’s Jackson Hole symposium on Friday.
Benchmark crude oil prices were lower on Thursday, on renewed concerns towards demand with the global surge in COVID-19 cases and restored production in Mexico following fires that disrupted supplies.
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Brent crude oil lost 60 cents at US$71.65 per barrel. West Texas Intermediate (WTI) crude oil was down 44 cents at US$67.92 per barrel. Western Canadian Select (WCS) pulled back 60 cents at US$54.96 per barrel.
The TSX Composite Index was down 83.17 points on Thursday to finish at 20,504.15.
Gold rose US$2.80 at US$1,793.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.08 at $ 3.27
Farmers Edge Inc. up $ 0.23 at $ 6.04
Linamar Corp. dn $ 1.30 at $ 70.28
Maple Leaf Foods up $ 0.24 at $ 27.29
Nutrien Ltd. dn $ 0.27 at $ 76.24
Ritchie Bros Auctioneers Inc. up $ 0.47 at $ 78.88
(All figures are in Canadian dollars.)
