By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar finished higher on Thursday by almost two-tenths of cent as the United States dollar pulled back while crude oil edged upward.
The loonie closed on Thursday at US$0.7048 or US$1=C$1.4188, compared to Wednesday’s finish of US$0.7031 or US$1=C$1.4223. On the U.S. Dollar Index, the greenback dropped 0.803 of a point at 106.250.
Benchmark crude oil prices were slightly higher on Thursday due to supply issues in Russia, Ukraine and the Middle East, but increased U.S. stockpiles put a cap in the increases.
Brent crude oil rose 46 cents at US$76.50 per barrel and West Texas Intermediate was up 32 cents at US$72.57.
The TSX Composite Index lost 112.08 points to close Thursday at 25,514.08.
Gold added US$17.70 at US$2,953.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 7.15 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.19 at $ 52.91 Maple Leaf Foods dn $ 0.12 at $ 21.61 Nutrien Ltd. up $ 0.70 at $ 75.30 RB Global Inc. dn $ 2.17 at $146.76
(All figures are in Canadian dollars)
