WINNIPEG, April 8 (MarketsFarm) – The Canadian dollar was lower at midweek.
The dollar finished the day at US$0.7126 or US$1=C$1.4034, compared to Tuesday when it closed at US$0.7150 or US$1=C$1.3986.
Global financial markets were stronger due to optimism stoked by another round of stimulus packages from governments following the COVID-19 pandemic.
The TSX Composite Index was up by 311.57 points to close at 13,925.71.
Oil prices were stronger on the eve of a meeting between the Organization of Petroleum Exporting Countries (OPEC) to discuss coordinated production cuts. Brent crude oil gained US$1.65 to close at US$26.17 per barrel. West Texas Intermediate (WTI) crude oil was up by $2.54 to close at US$26.17 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.05 at $ 2.90
Linamar Corp. up $ 1.13 at $ 32.69
Maple Leaf Foods dn $ 1.26 at $ 24.02
Nutrien Ltd. up $ 1.33 at $ 50.23
Ritchie Bros Auctioneers Inc. up $ 2.20 at $ 53.19
Rocky Mountain Dealerships Inc. dn $ 0.02 at $ 4.18
(All figures are in Canadian dollars.)