Canadian Financial Close: Canadian dollar steady

By MarketsFarm

WINNIPEG, Nov. 28 (MarketsFarm) – The Canadian dollar was steady on Thursday, as the Thanksgiving holiday sidelined major financial markets.

The dollar finished the day at US$0.7526 or US$1=C$1.3288, compared to Wednesday when it closed at US$0.7531 or US$1=C$1.3278.

European stock indexes were lower, along with U.S. equity futures, following President Donald Trump’s congressional legislation supporting Hong Kong protestors. Chinese leader Xi Jinping said the country would retaliate, throwing the interim trade deal between the two countries into jeopardy.

The TSX Composite Index closed higher by 13.95 points at 17,114.52.

Benchmark oil prices were mixed due to renewed tension between the U.S. and China. Brent crude oil was down by 14 cents to close at US$63.92 per barrel. West Texas Intermediate (WTI) crude oil was up by 13 cents to close at US$58.24 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 3.60
Linamar Corp. dn $ 0.08 at $ 44.98
Maple Leaf Foods up $ 0.17 at $ 24.33
Nutrien Ltd. dn $ 0.01 at $ 62.61
Ritchie Bros Auctioneers Inc. up $ 0.04 at $ 57.66
Rocky Mountain Dealerships Inc. unch at $ 6.45

(All figures are in Canadian dollars.)

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