Compiled by MarketsFarm
WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar gave up a quarter of a cent on Wednesday as the United States dollar pressed ahead with its upward trajectory and crude oil prices fell back.
The loonie closed at US$0.7499 or US$1=C$1.3335, compared to Tuesday’s finish of US$0.7524 or US$1=C$1.3291. On the U.S. Dollar Index, the greenback was up 0.360 of a point at 102.445.
Benchmark crude oil prices slid back on Wednesday, due to doubts over the validity of the 17.05-million-barrel draw on U.S. crude stockpiles. Reports said the adjustment factor continued to swing wildly.
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Brent crude oil retreated US$1.47 at US$83.44 per barrel and West Texas Intermediate lost US$1.63 at US$79.74. Meanwhile, Western Canadian Select dropped US$2.72 at US$64.29.
The TSX Composite Index fell 314.72 points on Wednesday to close at 20,218.21.
Gold gave up US$7.10 at US$1,971.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.12 Farmers Edge Inc. unchanged at $ 0.21 Linamar Corp. dn $ 0.37 at $ 77.70 Maple Leaf Foods up $ 0.33 at $ 27.82 Nutrien Ltd. up $ 0.77 at $ 89.87 Ritchie Bros Auctioneers Inc. dn $ 4.23 at $ 82.11
(All figures are in Canadian dollars)
