By MarketsFarm
WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar was slightly higher at market close on Thursday, as crude oil continued to regain lost ground.
The loonie finished the day at US$0.7527 or US$1=C$1.3285, which compares with Wednesday’s close of US$0.7517 or C$1.3304.
Benchmark oil prices were higher on Thursday due to renewed hopes of a United States/China trade deal and continued production cuts by OPEC and Russia.
Brent crude oil rose US$1.27 to close at US$63.67 per barrel, and West Texas Intermediate (WTI) increased US$1.32 to close at US$58.33 per barrel. Western Canadian Select crude was up US$1.28 at US$39.64 per barrel.
The TSX/S&P Composite Index finished flat on Thursday with a loss of only 6.63 to close at 16,999.19 points.
Gold was down US$8.90 on Thursday, closing at US$1,465.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.60
Linamar Corp. up $ 0.24 at $ 43.68
Maple Leaf Foods up $ 0.24 at $ 23.45
Nutrien Ltd. dn $ 0.35 at $ 61.82
Ritchie Bros Auctioneers Inc. dn $ 0.18 at $ 55.49
Rocky Mountain Dealerships Inc. up $ 0.02 at $ 6.35
(All figures are in Canadian dollars.)
