By MarketsFarm
WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday as currency traders reacted to the latest interest rate decision from the United States Federal Reserve.
The Fed kept its key overnight rate unchanged but hinted that another hike was likely before the end of the year.
The Canadian dollar settled at US$0.7450 or US$1=C$1.3423 on Wednesday, which compares with Tuesday’s close of US$0.7448 or US$1=C$1.3426.
Crude oil moved lower, with West Texas Intermediate down by 1.02 per cent at US$90.27 per barrel.
The TSX Composite Index held steady down only 4.20 points to close at 20,214.69 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.40
Linamar Corp.——————–up $ 0.44 at $ 67.54
Maple Leaf Foods—————–dn $ 0.26 at $ 27.47
Nutrien Ltd.———————up $ 0.27 at $ 84.80
Ritchie Bros Auctioneers Inc.—-up $ 0.44 at $ 86.90
Farmers Edge Inc.—————-dn $ 0.02 at $ 0.19
(All figures are in Canadian dollars.)
