By MarketsFarm
WINNIPEG, July 24 (MarketsFarm) – The Canadian dollar was steady at market close on Wednesday.
The dollar finished the day at US$0.7609 or US$1=C$1.3142, which compares with Tuesday’s close of US$0.7612 or US$1=C$1.3137.
Global stock performances were generally higher thanks to positive earnings reports in the banking sector. The Dow Jones Industrial Average was lower due to lower-than-expected quarterly earnings reports from Boeing and Caterpillar.
“Right now we’re on a nice edge where we don’t know which way the economy is going to fall, whether it’s going to accelerate or stabilize,” said Tony Roth, chief investment officer at Wilmington Trust Co, to Bloomberg.
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The TSX Composite Index closed higher by 39.16 points at 16,611.84. The S&P 500 gained 14.03 to close at 3,019.50. Conversely, the Dow Jones lost 79.15 to finish at 27,270.97. The NASDAQ gained 70.10 to finish at 8,321.50.
Benchmark oil prices were lower on Wednesday. Brent crude oil was down by 68 cents to close at US$63.15 per barrel. West Texas Intermediate (WTI) crude oil lost 89 cents to close at US$55.88 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 2.90
Linamar Corp. up $ 0.59 at $ 45.91
Maple Leaf Foods up $ 0.25 at $ 30.38
Nutrien Ltd. dn $ 0.27 at $ 68.20
Ritchie Bros Auctioneers Inc. dn $ 0.01 at $ 46.68
Rocky Mountain Dealerships Inc. up $ 0.07 at $ 7.34
(All figures are in Canadian dollars.)
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