Compiled by MarketsFarm
WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar lost almost a tenth of a cent on Thursday, despite support from higher crude oil prices along with slightly lower United States dollar.
The loonie closed at US$0.7490 or US$1=C$1.3351, compared to Wednesday’s finish of US$0.7499 or US$1=C$1.3335. On the U.S. Dollar Index, the greenback nudged down 0.084 of a point at 102.305.
Benchmark crude oil prices were higher on Thursday after swaying back and forth either side of steady. In the end concerns over OPEC+ tightening its supplies after the alliance’s virtual meeting on Friday won out over an off-risk sentiment in the markets.
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Brent crude oil gained US$2.10 at US$85.30 per barrel, West Texas Intermediate rose US$2.28 at US$81.77, and Western Canadian Select added US$2.06 at US$66.35.
The TSX Composite Index lost 97.47 points on Thursday to close at 20,120.74.
Gold gave up US$5.20 at US$1,969.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.12 Farmers Edge Inc. up $ 0.02 at $ 0.23 Linamar Corp. up $ 0.25 at $ 77.95 Maple Leaf Foods up $ 1.45 at $ 29.27 Nutrien Ltd. dn $ 3.63 at $ 86.24 Ritchie Bros Auctioneers Inc. up $ 0.99 at $ 83.10
(All figures are in Canadian dollars)
