WINNIPEG – The Canadian dollar made a slight gain on Wednesday after the Bank of Canada (BoC) announced its latest key interest rate decision on Wednesday.
The loonie closed at US$0.7912 or US$1=C$1.2639, up from US$0.7906 or US$1=C$1.2648 on Tuesday. Canada’s central bank became more hawkish, announcing that its key lending rate will be raised by 0.5 of a point to 1.5 per cent with other rate hikes possibly to come later this year.
The United States Dollar Index pulled up 0.83 of a point to 102.58 on Wednesday.
Read Also
Canadian Financial Close: More losses for loonie
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar slipped below 72 U.S. cents on Thursday, as…
After making major gains Wednesday morning, crude oil prices settled on the positive side of unchanged. Brent crude oil added US$0.14 per barrel at US$115.74. West Texas Intermediate (WTI) crude oil was up US$0.04 at US$114.71/barrel. Western Canadian Select (WCS) jumped US$0.97 to US$97.74.
The TSX/S&P Composite Index declined 15.62 points at 20,713.72.
Gold increased US$1.60 at US$1,850.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.35
Farmer’s Edge Inc. up $ 0.11 at $ 2.51
Linamar Corp. up $ 0.08 at $ 55.81
Maple Leaf Foods dn $ 0.17 at $ 27.62
Nutrien Ltd. dn $ 4.02 at $119.59
Ritchie Bros Auctioneers Inc. up $ 0.02 at $ 76.15
(All figures are in Canadian dollars.)
