Glacier FarmMedia MarketsFarm – The Canadian dollar was unchanged on Wednesday despite a weaker United States dollar and higher crude oil prices.
The loonie closed at US$0.7307 or US$1=C$1.3686. The U.S. Dollar Index declined 0.50 of a point at 103.77 due to a sharp rally in the Japanese yen.
Crude oil prices were higher because of the weaker U.S. dollar. Brent crude oil gained US$1.30 at US$85.03 per barrel. West Texas Intermediate (WTI) surged US$2.14 at US$82.90/barrel.
The TSX/S&P Composite Index lost 144.22 points at 22,851.17.
Gold fell US$6.00 at US$2,461.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind.                     unchanged      at $ 2.02
Farmer’s Edge Inc.              unchanged     at $ 0.345
Linamar Corp.                   up $ 0.28    at $ 69.70
Maple Leaf Foods                up $ 0.16     at $ 24.69
Nutrien Ltd.                    up  $ 1.87     at $ 71.46
RB Global Inc.                  dn $ 0.33    at $110.92
(All figures are in Canadian dollars.)
