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Canadian Financial Close: Loonie slightly higher on Wednesday

By MarketsFarm

WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly higher at Wednesday’s close.

The dollar finished the day at US$0.7621 or US$1=C$1.3122, compared to Tuesday when it closed at US$0.7612 or US$1=C$1.3138.

United States stocks were lower due to prolonged talks regarding another stimulus package during the COVID-19 pandemic. Democratic House Speaker Nancy Pelosi said she’s “made progress with the White House.”

The TSX Composite Index was down by 43.03 points on the day, closing at 16,230.23.

Benchmark crude oil prices were lower at midweek following a report showing high U.S. stockpiles. West Texas Intermediate (WTI) was down by US$1.68 to close at US$40.02. Brent Crude lost UC$1.46 at US$41.70.

Canada’s agricultural sector fared as follows:

Buhler Int.                  dn $ 0.08     at $ 2.33
Linamar Corp.                    up $ 0.54     at $ 47.50
Maple Leaf Foods                 dn $ 0.09     at $ 24.61
Nutrien Ltd.                     up  $ 1.64     at $ 54.82
Ritchie Bros Auctioneers Inc.    dn  $ 0.88     at $ 81.07
Rocky Mountain Dealerships Inc.  dn  $ 0.01     at $  5.51

(All figures are in Canadian dollars.)

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