WINNIPEG – The Canadian dollar dropped below 74 United States cents on Thursday.
The loonie closed at US$0.7372 or US$1=C$1.3564, down from US$0.7403 or US$1=C$1.3508 on Wednesday. The U.S. Dollar Index gained 0.91 of a point at 105.15.
Crude oil prices rebounded on Thursday as the market corrected itself amid new COVID-19 infections in China. Brent crude oil added US$0.93 per barrel to US$78.77. West Texas Intermediate (WTI) rose US$0.98 at US$73.82/barrel. Western Canadian Select (WCS) jumped US$0.85/barrel to US$47.09.
The TSX/S&P Composite Index lost 81.99 points to 19,506.84.
Gold fell US$20.80 at US$1,838.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 1.93
Farmer’s Edge Inc. up $ 0.02 at $ 0.28
Linamar Corp. up $ 0.17 at $ 62.71
Maple Leaf Foods up $ 0.10 at $ 25.30
Nutrien Ltd. up $ 4.18 at $101.19
Ritchie Bros Auctioneers Inc. dn $ 0.60 at $ 77.60
(All figures are in Canadian dollars.)
