Compiled by MarketsFarm
WINNIPEG, Sept. 28 (MarketsFarm) – The Canadian dollar bumped up on Thursday, as it gleaned support from declines in the United States dollar. However, losses in crude oil put a cap on those gains.
The loonie closed at US$0.7411 or US$1=C$1.3493, compared to Wednesday’s finish of US$0.7399 or US$1=C$1.3515. On the U.S. Dollar Index, the greenback retreated 0.511 of a point at 105.855.
Benchmark crude oil prices corrected on Thursday, giving up a sizeable portion of yesterday’s hikes.
Brent crude oil fell US$1.30 at US$95.25 per barrel, while West Texas Intermediate dropped US$1.95 at US$91.73, and Western Canadian Select slid US$1.77 at US$74.18.
The TSX Composite Index climbed higher on Thursday by 154.76 points to close at 19,590.74.
Gold was down US$6.80 at US$1,884.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.41 Farmers Edge Inc. up $ 0.005 at $ 0.18 Linamar Corp. up $ 0.25 at $ 64.91 Maple Leaf Foods dn $ 0.28 at $ 25.63 Nutrien Ltd. up $ 0.51 at $ 84.91 Ritchie Bros Auctioneers Inc. up $ 0.93 at $ 84.59
(All figures are in Canadian dollars)
