By MarketsFarm
WINNIPEG, July 25 (MarketsFarm) – The Canadian dollar was firm at market close on Thursday, following crude oil.
The loonie finished the day at US$0.7607 or US$1=C$1.3146, which compares with Wednesday’s close of US$0.7612 or C$1.3137.
Benchmark oil prices were firm Thursday, as increased tensions between Iran and the West, plus large declines in United States crude stockpiles provided support. Meanwhile, easing concerns about a global economic slowdown weighed on values.
Brent crude oil slipped six cents to close at US$63.12 per barrel. West Texas Intermediate (WTI) crude oil inched up two cents to close at US$55.90 per barrel.
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As of July 24, Western Canadian Select (WCS) crude oil was down US$1.11 at US$41.04 per barrel. Yesterday the WCS/WTI price differential increased slightly five cents at US$14.65 per barrel.
The TSX/S&P Composite Index finished at 16,488.20 points, having lost 123.64 due to poor corporate earnings reports in the energy and resource sector.
Gold was down US$10.00 on Thursday to close at US$1,413.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.29 at $ 2.90
Linamar Corp. dn $ 0.42 at $ 45.49
Maple Leaf Foods up $ 0.41 at $ 30.79
Nutrien Ltd. dn $ 1.51 at $ 66.69
Ritchie Bros Auctioneers Inc. dn $ 0.06 at $ 46.62
Rocky Mountain Dealerships Inc. up $ 0.09 at $ 7.43
(All figures are in Canadian dollars.)
