WINNIPEG– The Canadian dollar moved closer to the 74 United States cent mark on Thursday.
The loonie closed at US$0.7389 or US$1=C$1.3533, up from US$0.7366 or US$1=C$1.3576 on Wednesday.
The United States Dollar Index declined 0.48 of a point at 102.16.
Crude oil rose as exports from Kurdistan remain halted and financial fears receded. Brent crude oil added US$0.94 per barrel to US$79.22. Meanwhile, West Texas Intermediate (WTI) jumped US$1.37 at US$74.34/barrel.
The TSX/S&P Composite Index gained 103.34 points to close at 19,940.99.
Gold surged US$14.80 at US$1,999.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind.                     unchanged      at $ 2.20
Farmer’s Edge Inc.              dn $ 0.005    at $  0.185
Linamar Corp.                   up  $ 0.74     at $ 63.14
Maple Leaf Foods                up $ 0.43     at $ 25.91
Nutrien Ltd.                    dn  $ 0.29    at $ 98.30
Ritchie Bros Auctioneers Inc.   dn  $ 0.29    at $ 74.92
(All figures are in Canadian dollars.)
