WINNIPEG – The Canadian dollar had its biggest one-day jump since July 31 on Wednesday as the United States dollar was weaker and crude oil prices bumped up.
The loonie closed at US$0.7388 or US$1=C$1.3535 on Wednesday, compared to US$0.7357 or US$1=C$1.3593 on Tuesday.
The U.S. Dollar Index lost 0.36 of a point at 103.17.
Crude oil went up on Wednesday after a 10-million barrel drop in United States inventories as of Aug. 25 according to the U.S. Energy Information Administration (EIA).
Brent crude oil gained US$0.45 at US$85.94 per barrel. West Texas Intermediate (WTI) was US$0.51 higher at US$81.67/barrel.
The TSX/S&P Composite Index added 39.91 points at 20,330.52.
Gold gained US$6.60 at US$1,971.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.52
Farmer’s Edge Inc. unchanged at $ 0.18
Linamar Corp. up $ 0.04 at $ 70.94
Maple Leaf Foods dn $ 0.09 at $ 29.43
Nutrien Ltd. dn $ 0.24 at $ 86.43
Ritchie Bros Auctioneers Inc. up $ 0.27 at $ 82.74
(All figures are in Canadian dollars.)
