By MarketsFarm
WINNIPEG, Sept. 10 (MarketsFarm) – The Canadian dollar was firmer on Thursday, as investors reacted to the latest comments from Bank of Canada governor Tiff Macklem.
The Canadian dollar closed at US$0.7598 or US$1=C$1.3162, which compares with Wednesday’s North American close of US$0.7591 or US$1=C$1.3173.
Speaking after the Bank left its key overnight rate unchanged at 0.25 per cent on Wednesday, Macklem said expectations for a “slow and choppy” economic recovery would see the Bank continuing to provide “extraordinary monetary policy support.”
West Texas Intermediate crude oil was down by about 2.6 per cent, at US$37.03 per barrel.
The TSX Composite Index was weaker, losing 198.28 points, or 1.21 per cent, to close at 16,185.32 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.55
Linamar Corp.——————–dn $ 0.57 at $ 39.73
Maple Leaf Foods—————–dn $ 0.10 at $ 28.23
Nutrien Ltd.———————up $ 0.33 at $ 50.35
Ritchie Bros Auctioneers Inc.—-dn $ 0.57 at $ 74.48
Rocky Mountain Dealerships Inc.–up $ 0.02 at $ 5.60
(All figures are in Canadian dollars.)
