By MarketsFarm
WINNIPEG, April 26 (MarketsFarm) – The Canadian dollar settled relatively unchanged on Wednesday, as investors reacted to the minutes of the Bank of Canada’s most recent monetary policy meetings.
The Canadian dollar settled at US$0.7339 or US$1=C$1.3625 on Wednesday, which compares with Tuesday’s close of US$0.7341 or US$1=C$1.3623.
The BoC minutes were largely seen as neutral for the currency market, with no rate cuts expected in 2023 and the possibility of more hikes if the central bank deems such action as necessary.
Losses in crude oil weighed on the energy-linked currency, with West Texas Intermediate down by 3.58 per cent at US$74.31 per barrel.
The TSX Composite Index lost 73.15 points or 0.36 per cent to close at 20,366.72 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.04 at $ 2.31
Linamar Corp.——————–up $ 0.73 at $ 63.81
Maple Leaf Foods—————–dn $ 0.09 at $ 27.13
Nutrien Ltd.———————dn $ 0.54 at $ 94.23
Ritchie Bros Auctioneers Inc.—-dn $ 1.08 at $ 76.13
Farmers Edge Inc.—————-up $ 0.045 at $ 0.22
(All figures are in Canadian dollars.)
