Glacier FarmMedia | MarketsFarm – The Canadian dollar closed at its lowest level since Feb. 3 on Thursday.
The loonie ended the day at US$0.6934 or US$1=C$1.4422, compared to US$0.6974 or US$1=C$1.4339 on Wednesday.
On Thursday, United States President Donald Trump reiterated his intentions to impose tariffs on Canadian and Mexican imports on March 4. The U.S. Dollar Index gained 0.84 of a point at 107.26.
Crude oil jumped after Trump revoked the license for Chevron to operate in Venezuela. Brent crude oil rose US$1.24 at US$73.79 per barrel. West Texas Intermediate surged US$1.53 at US$70.15/barrel.
The TSX/S&P Composite Index lost 200.12 points at 25,128.24.
Gold fell $46.30 per ounce at US$2,884.30.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 7.15
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. dn $ 0.58 at $ 53.08
Maple Leaf Foods dn $ 0.10 at $ 25.76
Nutrien Ltd. dn $ 0.47 at $ 75.83
RB Global Inc. up $ 1.12 at $145.00
(All figures are in Canadian dollars.)
