WINNIPEG, Oct. 14 (MarketsFarm) – The Canadian dollar held relatively steady on Wednesday, slipping only slightly relative to its United States counterpart as the currency consolidated after hitting five-week highs earlier in the week.
The Canadian dollar closed at US$0.7611 or US$1=C$1.3139, which compares with Tuesday’s North American close of US$0.7614 or US$1=C$1.3133.
Gains in crude oil provided some underlying support for the energy-linked Canadian dollar. West Texas Intermediate crude oil was up 2.1 per cent, at US$41.04 per barrel.
However, uncertainty over COVID-19 relief in the U.S. kept some caution in world equity markets.
The TSX Composite Index was weaker on the day, losing 55.43 points, or 0.34 per cent, to close at 16,455.40 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.47
Linamar Corp.——————–up $ 0.19 at $ 44.37
Maple Leaf Foods—————–up $ 0.12 at $ 24.88
Nutrien Ltd.———————dn $ 0.03 at $ 52.59
Ritchie Bros Auctioneers Inc.—-dn $ 2.90 at $ 83.25
Rocky Mountain Dealerships Inc.–dn $ 0.01 at $ 5.74
(All figures are in Canadian dollars.)