Compiled by MarketsFarm
WINNIPEG, May 10 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday making gains on declines in its United States counterpart. Small decreases in crude oil limited the upticks in the loonie.
The Canadian dollar closed at US$0.7477 or US$1=C$1.3375, compared to Monday’s finish of US$0.7468 or US$1=C$1.3390. On the U.S. Dollar Index, the greenback slipped 0.154 of a point at 101.245.
Benchmark crude oil prices slightly lower on Wednesday due to pressure from larger U.S. inventories.
Brent crude oil was down 81 cents at US$76.63 per barrel and West Texas Intermediate (WTI) lost 92 cents at US$72.79/barrel.
The TSX Composite Index eased back 86.42 points on Wednesday closing at 20,499.31.
Gold lost US$5.10 at US$2,037.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.02 at $ 2.16 Farmers Edge Inc. dn $ 0.02 at $ 0.18 Linamar Corp. up $ 0.22 at $ 65.27 Maple Leaf Foods dn $ 0.77 at $ 24.98 Nutrien Ltd. dn $ 0.70 at $ 84.67 Ritchie Bros Auctioneers Inc. up $ 0.22 at $ 77.56
(All figures are in Canadian dollars.)
