Compiled by MarketsFarm
WINNIPEG, Sept. 6 (MarketsFarm) – The Canadian dollar slipped on Wednesday, following the Bank of Canada’s announcement it kept its key interest rate at five per cent.
The loonie closed at US$0.7324 or US$1=C$1.3654, compared to Tuesday’s finish of US$0.7338 or US$1=C$1.3627. On the U.S. Dollar Index, the greenback was relatively steady nudging up only 0.042 of a point at 104.805.
Benchmark crude oil prices bumped up on Wednesday due to Saudi Arabia and Russia extending their production cut to the end of the year, but concerns that crude is oversold tempered the upside.
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Brent crude oil added 69 cents at US$90.73 per barrel, while West Texas Intermediate gained 96 cents at US$87.65, and Western Canadian Select tacked on 88 cents at US$69.71.
The TSX Composite Index gave up 186.80 points on Wednesday closing at 20,226.96.
Gold dropped US$10.70 at US$1,941.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.05 at $ 2.58 Farmers Edge Inc. dn $ 0.015 at $ 0.165 Linamar Corp. up $ 1.12 at $ 72.08 Maple Leaf Foods dn $ 0.70 at $ 28.51 Nutrien Ltd. dn $ 1.14 at $ 86.36 Ritchie Bros Auctioneers Inc. up $ 0.80 at $ 88.67
(All figures are in Canadian dollars)
