Compiled by MarketsFarm
WINNIPEG, Feb. 9 (MarketsFarm) – The Canadian dollar was virtually unchanged on Thursday, despite weakness in the United States dollar and in global crude oil.
The loonie closed at US$0.7448 or US$1=C$1.3427, compared to Wednesday’s close of US$0.7447 or US$1=C$1.3429. On the U.S. Dollar Index, the greenback was down 0.132 of a point at 103.140.
Benchmark crude oil prices were slightly lower on Thursday, due to growing crude inventories in the U.S. and the European Union. However, prospects of an expanding economy in China this year fended off further losses.
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Brent crude oil declined 90 cents at US$84.19 per barrel and West Texas Intermediate (WTI) gave up 75 cents at US$77.72. Meanwhile, Western Canadian Select (WCS) inched up 19 cents at US$59.27.
The TSX Composite Index finished Thursday with a loss of 81.79 points at 20,597.75.
Gold fell US$17.70 at US$1,873.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.06 at $ 2.26 Farmers Edge Inc. dn $ 0.01 at $ 0.25 Linamar Corp. up $ 0.16 at $ 73.98 Maple Leaf Foods dn $ 0.02 at $ 26.15 Nutrien Ltd. up $ 0.55 at $105.76 Ritchie Bros Auctioneers Inc. up $ 1.23 at $ 85.50
(All figures are in Canadian dollars.)
