By MarketsFarm
WINNIPEG, May 20 (MarketsFarm) – The Canadian dollar was unchanged at midweek, despite gains in the crude oil sector.
The dollar finished the day at US$0.7198 or US$1=C$1.3893, which was the same as Tuesday’s close.
Stocks were mostly higher on Wednesday as market participants were optimistic regarding relaxed COVID-19 restrictions. The TSX Composite Index was up 112.15 points to close at 14,997.63. The S&P 500 gained 48.67 points to close at 2,971.61. The Dow Jones Industrial Average was up by 369.04 points at 24,575.90. The NASDAQ increased 190.68 to finish at 9,375.78.
Benchmark crude oil prices also higher, carrying on gains from earlier in the week. West Texas Intermediate (WTI) was up by US$1.59 to close at US$33.55. Brent Crude was up by US$1.29 at US$35.94.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.01 at $ 2.64
Linamar Corp. up $ 1.89 at $ 36.01
Maple Leaf Foods dn $ 0.11 at $ 25.89
Nutrien Ltd. dn $ 0.30 at $ 44.84
Ritchie Bros Auctioneers Inc. dn $ 0.43 at $ 56.79
Rocky Mountain Dealerships Inc. up $ 0.06 at $ 4.29
(All figures are in Canadian dollars.)
