Glacier FarmMedia MarketsFarm – The Canadian dollar dropped yet again on Thursday which is now struggling to stay above the 73 United States cent mark.
The loonie closed at US$0.7304 or US$1=C$1.3692, compared to US$0.7315 or US$1=C$1.3671 on Wednesday. The U.S. Dollar Index added 0.02 of a point at 105.27, but surpassed the 105.50 mark earlier today for the first time since last November.
Crude oil prices took a step back on Thursday due to inflation fears overshadowing tensions in the Middle East. Brent crude oil declined US$0.22 at US$90.26 per barrel. West Texas Intermediate (WTI) was down US$0.56 at US$85.65/barrel.
The TSX/S&P Composite Index lost 89.02 points at 22,110.11.
Gold surged US$42.10 at US$2,390.50 per ounce, approaching record high prices once again.
Canada’s agricultural sector fared as follows:
Buhler Ind.                     dn  $ 0.01    at $ 2.29
Farmer’s Edge Inc.              unchanged     at $ 0.345
Linamar Corp.                   dn $ 0.95    at $ 68.20
Maple Leaf Foods                dn $ 1.37    at $ 22.66
Nutrien Ltd.                    dn $ 1.18    at $ 74.71
RB Global Inc.                  dn $ 0.75    at $100.26
(All figures are in Canadian dollars.)
