By MarketsFarm
WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday, seeing some consolidation after recent moves.
The Canadian dollar settled at US$0.7449 or US$1=C$1.3425 on Wednesday, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421.
While gains in crude oil provided some support, uncertainty ahead of updated inflation data due from the United States on Thursday put some pressure on the currency.
West Texas Intermediate up by 3.3 per cent at US$77.61 per barrel.
The TSX Composite Index was stronger, up 126.19 points or 0.63 per cent late in the day at 20,025.05 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 1.88
Linamar Corp.——————–up $ 0.90 at $ 64.17
Maple Leaf Foods—————–up $ 0.08 at $ 26.33
Nutrien Ltd.———————dn $ 0.33 at $ 99.47
Ritchie Bros Auctioneers Inc.—-up $ 0.67 at $ 80.19
Farmers Edge Inc.—————-up $ 0.005 at $ 0.26
(All figures are in Canadian dollars.)
