WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar held steady on Wednesday, seeing little reaction as the Bank of Canada left its key overnight interest rate unchanged at 0.25 per cent.
In the accompanying statement, the Bank said it expected increasing vaccination rates in the country would help the economy “rebound strongly.”
The Canadian dollar closed at US$0.8268 or US$1=C$1.2095 on Tuesday, which compares with Tuesday’s North American close of US$0.8267 or US$1=C$1.2097.
Crude oil was weaker, with West Texas Intermediate down by 0.44 per cent at US$69.73 per barrel.
The TSX Composite Index was weaker, down 63.65 points, or 0.32 per cent, to close at 20,002.27 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.42
Linamar Corp.——————–up $ 0.26 at $ 83.30
Maple Leaf Foods—————–dn $ 0.54 at $ 25.86
Nutrien Ltd.———————up $ 0.69 at $ 78.87
Ritchie Bros Auctioneers Inc.—-dn $ 0.95 at $ 69.90
Farmers Edge Inc.—————-up $ 0.79 at $ 12.64
(All figures are in Canadian dollars.)