WINNIPEG – The Canadian dollar was slightly stronger against the United States dollar on Thursday.
The loonie closed at US$0.7575 or US$1=C$1.3201, compared to US$0.7564 or US$1=C$1.3220 on Wednesday.
The U.S. Dollar Index was up 0.93 of a point at 101.81. The U.S. Federal Reserve announced on Wednesday it will raise key interest rates by 25 basis points to a range of 5.25 to 5.5 per cent.
Crude oil was higher due to reduced U.S. stockpiles. Brent crude oil rose US$0.94/barrel at US$83.86. West Texas Intermediate (WTI) advanced US$0.99 at US$79.77/barrel.
The TSX/S&P Composite Index was down 176.17 points at 20,385.47.
Gold fell US$26.50 at US$1,983.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.20
Farmer’s Edge Inc. unchanged at $ 0.21
Linamar Corp. dn $ 0.52 at $ 75.64
Maple Leaf Foods dn $ 0.15 at $ 27.12
Nutrien Ltd. up $ 0.14 at $ 89.03
Ritchie Bros Auctioneers Inc. dn $ 0.37 at $ 84.51
(All figures are in Canadian dollars.)
