By MarketsFarm
WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was steady on Wednesday, after spending most of the day over 76 United States cents.
The dollar finished the day at US$0.7592 or US$1=C$1.3171, compared to Monday when it closed at US$0.7593 or US$1=C$1.3170.
Global stock indices were lower on the day following meeting minutes published by the U.S. Federal Reserve which said the COVID-19 pandemic would continue to “weight heavily on economic activity” until the virus is contained.
The TSX Composite Index lost 48.68 points to close at 16,557.38.
Benchmark crude oil prices were also weaker. West Texas Intermediate (WTI) was down seven cents to close at US$42.83. Brent Crude was down 21 cents at US$45.25.
Canada’s agricultural sector fared as follows:
Buhler Int. unchanged
Linamar Corp. dn $ 0.07 at $ 42.17
Maple Leaf Foods up $ 0.29 at $ 29.89
Nutrien Ltd. dn $ 0.76 at $ 51.37
Ritchie Bros Auctioneers Inc. dn $ 0.83 at $ 83.50
Rocky Mountain Dealerships Inc. up $ 0.04 at $ 5.05
(All figures are in Canadian dollars.)
