By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar cracked 73 U.S. cents on Thursday, finishing slightly above the mark due to a weaker United States dollar.
The loonie closed at US$0.7304 or US$1=C$1.3692, compared to Wednesday’s finish of US$0.7281 or US$1=C$1.3734. On the U.S. Dollar Index, the greenback dropped 0.346 of a point at 105.085.
Benchmark crude oil prices were modestly higher on Thursday, due to improved demand from China.
Brent crude oil rose 62 cents at US$84.20 per barrel and West Texas Intermediate was also up 62 cents at US$79.61.
The TSX Composite Index gained 116.67 points on Thursday, to close at 22,375.83.
Gold jumped US$25.30 at US$2,347.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.06 at $ 2.17 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 4.46 at $ 70.25 Maple Leaf Foods up $ 0.14 at $ 24.32 Nutrien Ltd. up $ 3.44 at $ 79.58 RB Global Inc. up $ 0.85 at $ 99.73
(All figures are in Canadian dollars)
