The Canadian dollar took a tumble on Wednesday as the United States Federal Reserve left its key interest rates unchanged.
The loonie closed the day at US$0.7314 or US$1=C$1.3673, compared to US$0.7351 or US$1=C$1.3603 on Tuesday.
The U.S. Dollar Index was down 0.18 of a point at 98.64. Fed chairman Jerome Powell also said it may cut rates twice later this year.
Crude oil prices were slightly lower on Wednesday. West Texas Intermediate was down US$0.04 at US$74.80 per barrel, while Brent crude oil declined US$0.15 at US$76.30/barrel.
The TSX/S&P Composite Index added 18.46 points at 26,559.85.
Gold shed US$26.30 per ounce at $3,380.60.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 7.29
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. up $ 0.63 at $ 63.57
Maple Leaf Foods up $ 0.28 at $ 28.16
Nutrien Ltd. up $ 0.85 at $ 85.40
RB Global Inc. up $ 0.15 at $143.33
(All figures are in Canadian dollars.)
