Compiled by MarketsFarm
WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar was virtually unchanged on Wednesday, as the United States dollar and global crude prices offered little direction either way.
The loonie closed at US$0.7207 or US$1=C$1.3875, compared to Monday’s finish of US$0.7209 or US$1=C$1.3871. On the U.S. Dollar Index, the greenback eased back 0.029 of a point at 106.470.
The U.S. Federal Reserve held its key interest rates today, but cautioned rates could still rise in the near future.
Benchmark crude oil prices steady to lower on Wednesday, despite continued warnings from analysts that Arab oil producers could hike prices as Israel pressed ahead with its attack into the Gaza Strip.
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Brent crude oil was unchanged at US$85.02 per barrel, and West Texas Intermediate shed 10 cents at US$80.92.
The TSX Composite Index gained 205.53 points on Wednesday to close at 19,079.00.
Gold lost US$7.10 at US$1,987.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.31 Farmers Edge Inc. up $ 0.01 at $ 0.11 Linamar Corp. up $ 0.37 at $ 60.33 Maple Leaf Foods dn $ 0.12 at $ 27.49 Nutrien Ltd. up $ 0.58 at $ 75.06 Rb Global Inc. up $ 0.36 at $ 91.11
(All figures are in Canadian dollars)
