Canadian Financial Close: Loonie up, crude oil still in downturn

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Published: October 5, 2023

WINNIPEG – The Canadian dollar made its first gain since Sept. 28 on Thursday, albeit a small one.

The loonie closed at US$0.7282 or US$1=C$1.3733, compared to US$0.7276 or US$1=C$1.3743 on Wednesday. The United States Dollar Index shed 0.45 of a point at 106.35.

Crude oil prices were still in a downturn on Thursday due to demand concerns. Brent crude oil lost US$1.65 at US$84.16 per barrel. West Texas Intermediate (WTI) dropped US$1.76 to US$82.46/barrel.

The TSX/S&P Composite Index gained 103.00 points to 19,137.81.

Gold was down US$1.10 at US$1,833.70 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      dn  $ 0.05     at $  2.54

Farmer’s Edge Inc.               unchanged      at $  0.15

Linamar Corp.                    dn  $ 0.10     at $ 64.24

Maple Leaf Foods                 up  $ 0.09     at $ 26.05

Nutrien Ltd.                     up  $ 0.57     at $ 80.48

Ritchie Bros Auctioneers Inc.    up  $ 1.81     at $ 87.41

(All figures are in Canadian dollars.)

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