By MarketsFarm
WINNIPEG, May 8 (MarketsFarm) – The Canadian dollar was
steady at Wednesday’s close, as stock index performance was
mixed and oil futures rallied.
The Canadian dollar closed at US$.7426 or US$1=C$1.3466, up
from Tuesday’s close of US$.7421 or US$1=C$1.3476.
The S&P/TSX Composite Index gained 39.65 points to close
at 16,397.40.
The TSX rebound following two days of losses could be
attributed to “a whiff of hope about the U.S. reaching a trade
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The NASDAQ lost 20.44 at 7,943.32 points. Conversely, the
Dow Jones gained 2.24 points to close at 25,967.33. The S&P 500
Index was down by 4.63 points, closing at 2,879.42 points.
Oil futures rallied by one per cent, following a surprising
drawdown in U.S. crude stockpiles, according to Reuters. West
Texas Intermediate gained 64 cents to hit US$62.04 per barrel,
and Brent Crude oil gained 41 cents to hit US$70.29 per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-up $ 0.04 at $ 17.99
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————up $ 0.42 at $ 47.12
Maple Leaf Foods—————dn $ 0.84 at $ 33.19
Nutrien Ltd. ——————up $ 0.42 at $ 69.59
Ritchie Bros Auctioneers Inc.–up $ 0.03 at $ 46.61
Rocky Mountain Dealership Inc.-unch at $ 8.64
(All figures are in Canadian dollars.)
