WINNIPEG – The Canadian dollar was higher on Thursday due to a report from Statistics Canada, the United States markets being closed for the Thanksgiving holiday, and movement in the U.S. dollar.
The loonie closed at US$0.7497 or US$1=C$1.3338, compared to Wednesday’s close of US$0.7467 or US$1=C$1.3392.
Statistics Canada reported that the number of job vacancies rose 3.8 per cent in September at nearly 995,000.
On the U.S. Dollar Index, the greenback lost 0.197 of a point at 105.770.
Benchmark crude oil prices narrowly mixed on Thursday as demand from China remained weak, but that was countered by news that U.S. Strategic Petroleum Reserve hit its lowest level since middle of the Reagan era.
Brent crude oil nudged lower seven cents at US$85.34 per barrel. West Texas Intermediate (WTI) crude oil dipped two cents at US$77.96/barrel. Western Canadian Select (WCS) was unchanged at US$50.75/barrel.
The TSX Composite Index bumped up 61.81 points to finish Thursday at 20,344.07.
Gold gained US$9.40 at US$1,769.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 1.85
Farmers Edge Inc. unchanged at $ 0.32
Linamar Corp. up $ 0.25 at $ 65.95
Maple Leaf Foods up $ 0.04 at $ 24.99
Nutrien Ltd. up $ 2.12 at $108.94
Ritchie Bros Auctioneers Inc. up $ 0.91 at $ 72.46
(All figures are in Canadian dollars.)