WINNIPEG – The Canadian dollar took a step back on Thursday after a collapse in crude oil prices.
The loonie closed Thursday at US$0.7273 or US$1=C$1.3749, compared to US$0.7313 or US$1=C$1.3675 on Wednesday.
The United States Dollar Index was virtually unchanged at 104.41 points.
Crude oil suffered major losses due to weakened demand and the largest U.S. stockpiles since August. Brent crude oil dropped US$3.66 at US$77.52 per barrel. West Texas Intermediate (WTI) fell US$3.74 to US$72.92/barrel.
The TSX/S&P Composite Index lost 4.82 points to end the day at 20,053.07.
Gold jumped US$19.70 at US$1,984.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.02 at $ 2.22
Farmer’s Edge Inc. up $ 0.015 at $ 0.125
Linamar Corp. dn $ 0.27 at $ 59.51
Maple Leaf Foods unchanged at $ 25.89
Nutrien Ltd. dn $ 0.96 at $ 78.74
RB Global Inc. up $ 2.95 at $ 84.55
(All figures are in Canadian dollars.)
