By MarketsFarm
WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was lower at market close on Thursday as Western Canadian Select (WCS) crude oil remained lower.
The loonie finished the day at US$0.7646 or US$1=C$1.3079, which compares with Wednesday’s close of US$0.7677 or C$1.3026.
The price for WCS lost 31 cents to close at US$36.75 per barrel.
Meanwhile, global benchmark crude oil prices were steady on Thursday. Brent crude oil slipped four cents at US$65.40 per barrel. West Texas Intermediate (WTI) lost one cent at US$59.60 per barrel.
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At the Vancouver Board of Trade’s economic forum on Thursday, Bank of Canada Governor Stephen Poloz said the central bank continued to watch for any signs of a global economic slowdown. As well, the Bank of Canada will keep watch over trends in the country’s labour and housing markets. Poloz makes his next announcement on key interest rates on Jan. 22, and it’s widely expected he’ll continue to freeze them at 1.75 per cent.
The TSX/S&P Composite Index was up 67.75 on Thursday closing at 17,235.57 points.
Gold was down US$5.26 on Thursday to close at US$1,551.15 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.79
Linamar Corp. up $ 1.48 at $ 48.00
Maple Leaf Foods up $ 0.35 at $ 25.31
Nutrien Ltd. unchanged at $ 62.21
Rocky Mountain Dealerships Inc. dn $ 0.01 at $ 6.80
(All figures are in Canadian dollars.)
