WINNIPEG, Feb. 4 (MarketsFarm) – The Canadian dollar stumbled on Thursday as the U.S. greenback continues to strengthen against other currencies.
The loonie finished at US$0.7795 or US$1=C$1.2828, compared to Wednesday’s close of US$0.7823 or US$1=C$1.2783.
Despite a stronger U.S. dollar, crude oil continued to gain on Thursday as oil inventories dropped stateside and in China.
Brent crude oil increased by US$0.48 at US$58.94 per barrel. West Texas Intermediate (WTI) crude oil inched upward US$0.67 at US$56.36/barrel. Western Canadian Select (WCS) crude oil was lifted by US$0.53 at US$44.70/barrel.
While breaking an intraday trading record, the TSX Composite Index leapt by 126.06 points on Thursday to finish at 18,041.97.
Gold retreated by US$40.89 at US$1,793.15 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.72
Linamar Corp. up $ 1.93 at $ 71.89
Maple Leaf Foods up $ 0.15 at $ 25.13
Nutrien Ltd. up $ 1.04 at $ 66.94
Ritchie Bros Auctioneers Inc. dn $ 1.05 at $ 75.03
(All figures are in Canadian dollars.)
