Glacier FarmMedia – The Canadian dollar had its highest closing price in nearly three weeks on Thursday.
The loonie closed at US$0.7270 or US$1=C$1.3756 on Thursday, compared to US$0.7235 or US$1=C$1.3821 on Wednesday.
Statistics Canada reported today a 12,100 increase in job vacancies in June at 492,000, with much of the increase in the construction sector. StatCan also reported a C$19.5 billion trade deficit with the United States in the second quarter of 2025, compared to C$800 million in the first, due to U.S tariffs and a stronger Canadian dollar.
Read Also
North American Grain/Oilseed Review: Canola falls, U.S. grains mixed
Canola futures on the Intercontinental Exchange suffered double-digit losses on Thursday after the release of new data from Statistics Canada….
The U.S. Dollar Index dropped 0.36 of a point at 97.67. The U.S. economy grew 3.3 per cent on an annual basis in the second quarter, compared to a 0.5 per cent contraction in the first.
Crude oil prices were slightly higher despite Ukrainian attacks on Russian oil refineries overnight. West Texas Intermediate gained US$0.19 per barrel at US$64.34. Brent crude oil rose US$0.28/barrel at US$68.33.
The TSX/S&P Composite Index added 1.80 points at 28,434.80. Meanwhile, the S&P 500 hit another record high of 6,508.23 earlier today before closing at 6,501.86 points.
Gold surged US$29.40 per ounce at $3,478.00.
