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Canadian Financial Close: Loonie slipping towards 76 U.S. cents

By MarketsFarm

WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar continued lower at market close on Thursday, as crude oil prices declined.

The loonie finished the day at US$0.7609 or US$1=C$1.3143, which compares with Wednesday’s close of US$0.7624 or C$1.3116.

Benchmark crude oil prices were down on Thursday after the World Health Organization said it was too early to declare the coronavirus outbreak a global health emergency.

Brent crude oil dropped US$1.18 at US$62.03 per barrel. West Texas Intermediate (WTI) lost US$1.16 at US$55.58 per barrel. Western Canadian Select (WCS) was down 24 cents to close at US$32.75 per barrel.

The TSX/S&P Composite Index was up 21.92 on Thursday to close at 17,621.78 points.

Gold was up US$4.12 on Thursday to close at US$1,562.90 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries unchanged at $ 2.80
Linamar Corp. dn $ 0.30 at $ 46.86
Maple Leaf Foods up $ 0.95 at $ 25.76
Nutrien Ltd. dn $ 0.83 at $ 59.53
Ritchie Bros Auctioneers Inc. dn $ 0.18 at $ 56.91
Rocky Mountain Dealerships Inc. up $ 0.04 at $ 6.76
(All figures are in Canadian dollars.)

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Glacier FarmMedia Feed

Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

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