By MarketsFarm
WINNIPEG, Dec. 16 (MarketsFarm) – The Canadian dollar was softer on Wednesday, backing away from nearby highs.
The Canadian dollar closed at US$0.7841 or US$1=C$1.2753, which compares with Tuesday’s North American close of US$0.7860 or US$1=C$1.2722.
Canada’s consumer price index was up by 1.0 per cent on an annual basis in November, after a 0.7 per cent gain the previous month, according to the latest inflation data from Statistics Canada.
West Texas Intermediate crude oil was up by 0.5 per cent, at US$47.85 per barrel.
The TSX Composite Index was up on the day, gaining 60.94 points, or 0.35 per cent, to close at 17,567.42 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.03 at $ 2.70
Linamar Corp.——————–up $ 0.16 at $ 68.81
Maple Leaf Foods—————–dn $ 0.30 at $ 28.23
Nutrien Ltd.———————dn $ 0.85 at $ 61.58
Ritchie Bros Auctioneers Inc.—-dn $ 1.62 at $ 86.22
Rocky Mountain Dealerships Inc.–up $ 0.01 at $ 7.40
(All figures are in Canadian dollars.)
