By MarketsFarm
WINNIPEG, May 6 (MarketsFarm) – The Canadian dollar was lower at midweek, due to losses in crude oil prices and comparable strength in the United States dollar.
The dollar finished the day at US$0.7080 or US$1=C$1.4124, compared to Tuesday when it closed at US$0.7127 or US$1=C$1.4032.
Benchmark crude oil prices were lower after several consecutive days of gains. West Texas Intermediate (WTI) was down by 48 cents to close at US$24.08. Brent Crude was down by US$1.14 at US$29.83.
The TSX Composite Index was up 19.18 points to close at 14,830.74. The S&P 500 lost 20.02 points to close at 2,848.42. The Dow Jones Industrial Average lost 218.45 points at 23,664.64. The NASDAQ increased 45.27 to finish at 8,854.39.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.80
Linamar Corp. up $ 0.02 at $ 32.45
Maple Leaf Foods up $ 0.20 at $ 25.04
Nutrien Ltd. up $ 0.35 at $ 50.54
Ritchie Bros Auctioneers Inc. dn $ 0.05 at $ 59.42
Rocky Mountain Dealerships Inc. up $ 0.13 at $ 4.26
(All figures are in Canadian dollars.)
