By MarketsFarm
WINNIPEG, Aug. 8 (MarketsFarm) – The Canadian dollar gained on Thursday, as global stock indexes continued to rebound.
The dollar finished the day at US$0.7543 or US$1=C$1.3257, which compares with Wednesday’s close of US$0.7506 or US$1=C$1.3322.
Global equities erased losses from earlier this week, rebounding due to strong performances in the technology sector.
The TSX Composite Index closed higher by 139.31 points at 16,404.53. The S&P 500 gained 54.59 to close at 2,936.42. Similarly, the Dow Jones gained 350.13 to finish at 26,357.96. The NASDAQ gained 29.56 to finish at 7,862.83.
Benchmark oil prices were higher on Wednesday, due to easing concerns of a recession slowing down global demand. Brent crude oil was up by US$1.42 to close at US$57.65 per barrel. West Texas Intermediate (WTI) crude oil gained US$1.66 to close at US$52.75 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 2.80
Linamar Corp. up $ 0.07 at $ 41.26
Maple Leaf Foods up $ 0.65 at $ 33.52
Nutrien Ltd. up $ 0.93 at $ 69.70
Ritchie Bros Auctioneers Inc. up $ 0.21 at $ 47.00
Rocky Mountain Dealerships Inc. up $ 0.04 at $ 7.12
(All figures are in Canadian dollars.)
END
