WINNIPEG – The Canadian dollar moved above the 73 United States cent mark on Wednesday morning and ended the day there as well.
The loonie closed at US$0.7313 or US$1=C$1.3675, compared to US$0.7286 or US$1=C$1.3725 on Tuesday.
The U.S. Dollar Index regained some of what it had lost on Tuesday, gaining 0.36 of a point at 104.41 on Wednesday.
Crude oil suffered losses due to a bearish demand outlook. Brent crude oil lost US$1.49 at US$80.98 per barrel. West Texas Intermediate (WTI) dropped US$1.74 to US$76.52/barrel.
The TSX/S&P Composite Index stayed above the 20,000-point mark, rising 34.16 points to end the day at 20,057.89.
Gold shed US$2.60 at US$1,963.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.02 at $ 2.24
Farmer’s Edge Inc. up $ 0.01 at $ 0.11
Linamar Corp. up $ 2.28 at $ 59.78
Maple Leaf Foods up $ 0.71 at $ 25.89
Nutrien Ltd. up $ 2.62 at $ 79.70
RB Global Inc. dn $ 0.73 at $ 81.60
(All figures are in Canadian dollars.)
