Canadian Financial Close: Canadian dollar holds steady

By MarketsFarm

WINNIPEG, Feb. 12 (MarketsFarm) – The Canadian dollar was steady on Thursday.

The dollar finished the day at US$0.7544 or US$1=C$1.3256, compared to Wednesday when it closed at US$0.7545 or US$1=C$1.3254.

Financial markets closed in the red due to fresh concerns regarding the spread of China’s coronavirus. As of Thursday morning, nearly 60,000 people have been infected, and 1,300 have died. However, the World Health Organization has said that the surge in diagnoses doesn’t necessarily indicate an increase in infections.

The TSX Composite Index closed lower by 11.68 points at 17,821.17. The S&P 500 lost 5.51 to close at 3,373.94. The Dow Jones finished down by 128.11 points at 29,423.31. The NASDAQ was down 13.99 to finish at 9,711.97.

Brent crude oil was up by 77 cents, closing at US$56.56 per barrel. West Texas Intermediate (WTI) crude oil was 45 cents lower to close at US$51.62 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 2.95
Linamar Corp. dn $ 0.25 at $ 43.81
Maple Leaf Foods up $ 0.32 at $ 26.67
Nutrien Ltd. dn $ 0.94 at $ 56.67
Ritchie Bros Auctioneers Inc. dn $ 0.23 at $ 56.74
Rocky Mountain Dealerships Inc. dn $ 0.11 at $ 6.52

(All figures are in Canadian dollars.)

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