By MarketsFarm
WINNIPEG, Sept. 9 (MarketsFarm) – The Canadian dollar was firmer on Wednesday, seeing a modest correction after Tuesday’s sharp decline relative to its United States counterpart.
The Canadian dollar closed at US$0.7591 or US$1=C$1.3173, which compares with Tuesday’s North American close of US$0.7581 or US$1=C$1.3191.
The Bank of Canada kept its key overnight interest rate unchanged at 0.25 per cent in its latest policy announcement, as had been widely anticipated. The Bank said it expected a strong economic recovery following the COVID-19 pandemic, but noted that it may be “protracted and uneven.”
West Texas Intermediate crude oil was up by about 3.3 per cent, at US$38.00 per barrel.
The TSX Composite Index was stronger, gaining 284.08 points, or 1.76 per cent, to close at 16,383.60 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.55
Linamar Corp.——————–dn $ 0.29 at $ 40.30
Maple Leaf Foods—————–up $ 0.17 at $ 28.33
Nutrien Ltd.———————up $ 1.18 at $ 50.02
Ritchie Bros Auctioneers Inc.—-up $ 0.82 at $ 75.05
Rocky Mountain Dealerships Inc.–up $ 0.04 at $ 5.58
(All figures are in Canadian dollars.)
