WINNIPEG, May 27 (MarketsFarm) – The Canadian dollar was firmer on Wednesday, seeing some follow-through strength after Tuesday’s rally relative to its United States counterpart.
The Canadian dollar closed at US$0.7257 or US$1=C$1.3780, which compares with Tuesday’s North American close of US$0.7244 or C$1.3804.
A 1.86 trillion euro recovery package proposed by the European Commission helped underpin world equity markets and riskier currencies, like the Canadian dollar.
However, losses in crude oil tempered the gains in the energy-linked Canadian dollar. West Texas Intermediate crude oil lost nearly five per cent, at US$32.70 per barrel.
The TSX Composite Index was stronger, gaining 123.91 points, or 0.82 per cent, to close at 15,272.03 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.53
Linamar Corp.——————–up $ 1.62 at $ 38.28
Maple Leaf Foods—————–up $ 0.40 at $ 26.05
Nutrien Ltd.———————up $ 1.32 at $ 47.60
Ritchie Bros Auctioneers Inc.—-up $ 0.30 at $ 56.94
Rocky Mountain Dealerships Inc.–dn $ 0.11 at $ 4.44
(All figures are in Canadian dollars.)