WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, hitting its highest levels in more than five months as gains in crude oil and general weakness in the United States Dollar Index provided support.
The Canadian dollar closed at US$0.7540 or US$1=C$1.3262, which compares with Tuesday’s North American close of US$0.7478 or US$1=C$1.3372.
The U.S. dollar lost ground to most major currencies on Wednesday, with positioning ahead of an employment report out on Friday behind some of the activity.
West Texas Intermediate crude oil was up by about 1.13 per cent, at US$42.17 per barrel.
The TSX Composite Index was stronger, gaining 133.58 points, or 0.82 per cent, to close at 16,501.61 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.15 at $ 2.55
Linamar Corp.——————–up $ 1.96 at $ 42.00
Maple Leaf Foods—————–dn $ 0.19 at $ 29.40
Nutrien Ltd.———————up $ 0.90 at $ 47.47
Ritchie Bros Auctioneers Inc.—-up $ 1.22 at $ 64.05
Rocky Mountain Dealerships Inc.–dn $ 0.01 at $ 4.49
(All figures are in Canadian dollars.)