Compiled by MarketsFarm
WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar added about a third of a cent on Wednesday, as its United States counterpart fell back, and crude oil pushed upward.
The Canadian dollar closed at US$0.7586 or US$1=C$1.3183, compared to Tuesday’s finish of US$0.7552 or US$1=C$1.3241. Meanwhile, the greenback lost 0.465 of a point at 101.660 on the U.S. Dollar Index.
Benchmark crude oil prices were higher on Wednesday as the markets looked to China’s forthcoming stimulus package to reinvigorate its sluggish economy as well as to production cuts being implemented by OPEC+.
Brent crude oil gained US$1.26 at US$77.16 per barrel and West Texas Intermediate (WTI) advanced US$1.40 at US$72.59/barrel.
The TSX Composite Index stepped back 48.19 points on Wednesday to close at 19,705.95.
Gold was down US$3.60 at US$1,944.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.13 Farmers Edge Inc. dn $ 0.035 at $ 0.18 Linamar Corp. dn $ 0.31 at $ 70.10 Maple Leaf Foods dn $ 0.51 at $ 25.54 Nutrien Ltd. up $ 2.05 at $ 79.66 Ritchie Bros Auctioneers Inc. up $ 0.62 at $ 76.24
(All figures are in Canadian dollars.)
