WINNIPEG – The Canadian dollar was virtually unchanged on Wednesday, down by a miniscule increment.
The loonie closed at US$0.7379 or US$1=C$1.3552 on Wednesday, compared to US$0.7381 or US$1=C$1.3549 on Tuesday. Statistics Canada reported on Wednesday that retail sales increased by 0.4 per cent in July.
The United States Dollar Index was down 0.17 of a point at 103.40.
Crude oil fell due to economic concerns in China and the European Union.
Brent crude oil dropped US$1.20/barrel at US$82.83. West Texas Intermediate (WTI) lost US$1.16 at US$78.48/barrel.
The TSX/S&P Composite Index had a good showing on Wednesday, gaining 188.58 points at 19,879.79.
Gold jumped US$19.60 at US$1,945.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.04 at $ 2.52
Farmer’s Edge Inc. unchanged at $ 0.19
Linamar Corp. up $ 0.46 at $ 69.48
Maple Leaf Foods up $ 0.11 at $ 29.07
Nutrien Ltd. dn $ 0.15 at $ 81.69
Ritchie Bros Auctioneers Inc. up $ 0.48 at $ 79.08
(All figures are in Canadian dollars.)
