Compiled by MarketsFarm
WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar eclipsed the 76 U.S. cent mark on Thursday, gleaning support from continued losses in the United States dollar and increases in crude oil prices.
The loonie closed at US$0.7617 or US$1=C$1.3128, compared to Wednesday’s finish of US$0.7583 or US$1=C$1.3188. On the U.S. Dollar Index the greenback fell 0.758 of a point at 99.435.
Benchmark crude oil prices were higher on Thursday, due to production disruptions in Libya and Nigeria due to demonstrations by protestors. This added to the output cuts by Saudi Arabia and Russia.
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Brent crude oil advanced US$1.60 at US$81.71 per barrel, while West Texas Intermediate (WTI) gained US$1.56 at US$77.31, and Western Canadian Select (WCS) added US$1.42 at US$65.43.
A tentative deal in the British Columbia port workers strike was reached Thursday afternoon. Members of the International Longshore and Warehouse Union Canada and the B.C. Maritime Employers Association must now respectively approved the deal.
The TSX Composite Index climbed 206.87 points on Thursday to close at 20,277.64.
Gold was up US$3.60 at US$1,965.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.08 at $ 2.18 Farmers Edge Inc. unchanged at $ 0.19 Linamar Corp. up $ 0.41 at $ 73.89 Maple Leaf Foods up $ 0.62 at $ 26.58 Nutrien Ltd. up $ 1.95 at $ 80.25 Ritchie Bros Auctioneers Inc. up $ 0.98 at $ 80.57
(All figures are in Canadian dollars)
