Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar fell back by a third of a cent on Wednesday, as the United States dollar remained strong.
The loonie closed at US$0.7595 or US$1=C$1.3166, compared to Tuesday’s close of US$0.7628 or US$1=C$1.3110.
On the U.S. Dollar Index, the greenback dipped 0.163 of a point at 109.365.
Benchmark crude oil prices were higher on Wednesday as China announced it was easing lockdown restrictions, sparking greater demand.
Brent crude oil gained US$1.11 at US$94.28 per barrel. West Texas Intermediate (WTI) crude oil increased US$1.47 at US$88.78/barrel. Western Canadian Select (WCS) bumped up 57 cents at US$67.25 per barrel.
The TSX Composite Index gained 80.74 points to finish Wednesday at 19,726.14.
Gold dropped US$11.50 at US$1,705.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.13 at $ 2.00
Farmers Edge Inc. up $ 0.20 at $ 0.86
Linamar Corp. up $ 0.53 at $ 65.78
Maple Leaf Foods unchanged at $ 23.16
Nutrien Ltd. up $ 2.78 at $120.77
Ritchie Bros Auctioneers Inc. dn $ 0.84 at $ 86.73
(All figures are in Canadian dollars.)
