Canadian Financial Close: Canadian dollar lower with oil

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Published: January 30, 2020

By MarketsFarm

WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly lower on Thursday.

The dollar finished the day at US$0.7566 or US$1=C$1.3217, compared to Wednesday when it closed at US$0.7578 or US$1=C$1.3196.

Financial markets remained under pressure following an announcement from the World Health Organization calling the coronavirus outbreak an international emergency.

The TSX Composite Index closed lower by 21.19 points at 17,490.56. The S&P 500 gained 10.26 to close at 3,283.66. The Dow Jones was up by 124.99 to finish at 28,859.44. The NASDAQ was up 23.77 to finish at 9,298.93.

Benchmark oil prices were slightly lower on Thursday. Brent crude oil was down by 39 cents, closing at US$59.21 per barrel. West Texas Intermediate (WTI) crude oil was 21 cents lower to close at US$52.94 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 2.80
Linamar Corp. dn $ 0.33 at $ 44.85
Maple Leaf Foods dn $ 0.02 at $ 25.92
Nutrien Ltd. dn $ 0.42 at $ 56.77
Ritchie Bros Auctioneers Inc. dn $ 0.40 at $ 56.45
Rocky Mountain Dealerships Inc. dn $ 0.12 at $ 6.49

(All figures are in Canadian dollars.)

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