WINNIPEG – For the first time since Nov. 10, the Canadian dollar closed the day above the 80 United States cent mark as the greenback continued to falter.
The loonie was at US$0.8010 or US$1=C$1.2484 on Thursday, up from Wednesday’s close of US$0.7994 or US$1=C$1.2510.
The U.S. Dollar Index lost 0.05 of a point to 94.87. The Labor Department reported on Thursday initial unemployment claims totalled 230,000 for the week ended Jan. 8, the highest number in two months.
Benchmark crude oil prices cooled down after substantial gains in recent days. Brent crude oil declined US$0.79 per barrel to US$83.88. West Texas Intermediate (WTI) crude oil retreated US$1.11 to US$81.53/barrel. Western Canadian Select (WCS) crude oil dropped US$1.98 at US$67.75/barrel.
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The TSX/S&P Composite Index erased most of Wednesday’s gains, falling 102.04 points to 21,292.96.
Gold shed US$5.80 per ounce to US$1,821.50.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.29
Farmer’s Edge Inc. dn $ 0.02 at $ 3.11
Linamar Corp. up $ 3.05 at $ 80.07
Maple Leaf Foods dn $ 0.01 at $ 29.08
Nutrien Ltd. dn $ 1.52 at $ 88.87
Ritchie Bros Auctioneers Inc. up $ 0.91 at $ 77.98
(All figures are in Canadian dollars.)
