Compiled by Glen Hallick, MarketsFarm
WINNIPEG, May 18 (MarketsFarm) – The Canadian dollar was relatively steady on Wednesday, amid a downturn in the markets.
The loonie closed at US$0.7788 or US$1=C$1.2841, compared to Tuesday’s close of US$0.7792 or US$1=C$1.2834.
On the United States Dollar Index, the greenback rose 0.528 of a point at 103.935.
Benchmark crude oil prices were weaker on Wednesday, getting caught up in the general downturn in the markets.
Brent crude oil lost US$2.86 at US$109.07 per barrel. West Texas Intermediate (WTI) crude oil fell US3.34 at US$109.06 per barrel. Western Canadian Select (WCS) gave up US$2.72 at US$92.53 per barrel.
The TSX Composite Index lost 389.63 points to finish Wednesday at 20,101.38.
Gold shed US$4.70 at US$1,814.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.46
Farmers Edge Inc. dn $ 0.19 at $ 2.31
Linamar Corp. dn $ 1.14 at $ 51.95
Maple Leaf Foods dn $ 0.92 at $ 27.16
Nutrien Ltd. dn $ 2.83 at $130.72
Ritchie Bros Auctioneers Inc. dn $ 0.83 at $ 78.27
(All figures are in Canadian dollars.)
