WINNIPEG, Oct. 9 (MarketsFarm) – The Canadian dollar held steady on Wednesday, holding within a narrow range as currency traders wait for firmer details on trade talks between the United States and China this week.
The Canadian dollar closed at US$0.7505 or US$1=C$1.3324, which compares with Tuesday’s close of US$0.7506, or US$1=C$1.3323.
China and the U.S. are set to resume negotiations on Thursday, with optimism building that a deal may be reached.
Crude oil held steady on Wednesday, posting small gains of a few cents per barrel.
The TSX Composite Index was higher, gaining 85.92 points, or 0.53 per cent, to close at 16,379.87 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.60
Linamar Corp.——————–up $ 0.81 at $ 38.85
Maple Leaf Foods—————–up $ 0.18 at $ 29.56
Nutrien Ltd.———————up $ 1.25 at $ 65.75
Ritchie Bros Auctioneers Inc.—-up $ 0.26 at $ 52.46
Rocky Mountain Dealerships Inc.–up $ 0.11 at $ 7.20
(All figures are in Canadian dollars.)