Canadian Financial Close: Loonie remains strong

WINNIPEG, April 23 (MarketsFarm) – The Canadian dollar was higher on Thursday, along with crude oil prices and global stock indices.
The dollar finished the day at US$0.7111 or US$1=C$1.4063, compared to Tuesday when it closed at US$0.7065 or US$1=C$1.4155.
Global stock indices were mixed on the day, following results for a potential cure for the COVID-19 coronavirus. Gilead, a medical company, tested an antiviral drug to possibly treat the coronavirus, but results were not conclusive.
The TSX Composite Index was down 37 points to close at 14,251.09. The S&P 500 was flat, losing 1.51 point to close at 2,797.80. The Dow Jones Industrial Average gained 39.44 points at 23,515.26. The NASDAQ was flat, down by 0.65 to finish at 8,494.75.

Read Also

Global Markets: BoC cuts key rates

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…

Benchmark crude oil prices were stronger after their historic plummet earlier in the week. West Texas Intermediate (WTI) was up by US$3.26 to close at US$17.04. Brent Crude was up by US$1.53 at US$21.90.
Canada’s agricultural sector fared as follows:
Buhler Industries                dn  $ 0.05     at $  2.65
Linamar Corp.                    dn  $ 0.95     at $ 30.34
Maple Leaf Foods                 dn  $ 0.09     at $ 26.26
Nutrien Ltd.                     dn  $ 0.41     at $ 48.39
Ritchie Bros Auctioneers Inc.    unch at $ 60.29
Rocky Mountain Dealerships Inc.  dn $ 0.03     at $  4.11
(All figures are in Canadian dollars.)