Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Aug. 25 (MarketsFarm) – The Canadian dollar was relatively steady on Wednesday, despite a slip in its United States counterpart and gains in crude oil.
The loonie closed at US$0.7925 or US$1=C$1.2619, compared to Tuesday’s close of US$0.7931 or US$1=C$1.2608.
On the U.S. Dollar Index, the greenback inched back 0.051 at 92.850 points.
Benchmark crude oil prices were higher on Wednesday, following a report showing that U.S. crude and gasoline inventories were down.
Brent crude oil gained US$1.09 at US$72.14 per barrel. West Texas Intermediate (WTI) crude oil was up 72 cents at US$68.26 per barrel. Western Canadian Select (WCS) climbed US$1.21 at US$55.85 per barrel.
The TSX Composite Index edged up 39.56 points on Wednesday to finish at 20,587.32.
Gold lost US$15.80 at US$1,792.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.04 at $ 3.35
Farmers Edge Inc. up $ 0.47 at $ 6.27
Linamar Corp. up $ 0.32 at $ 71.58
Maple Leaf Foods up $ 0.10 at $ 27.05
Nutrien Ltd. dn $ 0.11 at $ 76.51
Ritchie Bros Auctioneers Inc. up $ 0.38 at $ 78.41
(All figures are in Canadian dollars.)
