WINNIPEG – The Canadian dollar took a step upward on Wednesday, extending its rally which started on Sept. 8.
The loonie closed at US$0.7380 or US$1=C$1.3551, compared to US$0.7375 or US$1=C$1.3560 on Tuesday.
The United States Dollar Index was up 0.05 of a point at 104.76. The U.S. Labor Department reported today that the consumer price index rose 3.7 per cent in August, largely driven by fuel prices.
Brent crude oil added US$0.07 at US$92.13 per barrel. However, West Texas Intermediate (WTI) declined US$0.06 at US$88.78/barrel.
The TSX/S&P Composite Index added 55.86 points to 20,278.94.
Gold dropped US$4.00 at US$1,931.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.33
Farmer’s Edge Inc. up $ 0.01 at $ 0.18
Linamar Corp. dn $ 1.96 at $ 66.90
Maple Leaf Foods up $ 0.01 at $ 27.83
Nutrien Ltd. dn $ 0.05 at $ 85.33
Ritchie Bros Auctioneers Inc. dn $ 1.11 at $ 87.67
(All figures are in Canadian dollars.)
