By MarketsFarm
WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was firmer on Friday, seeing a recovery after Thursday’s losses as currency traders adjusted positions ahead of the weekend.
The Canadian dollar settled at US$0.7427 or US$1=C$1.3464 on Friday, which compares with Thursday’s close of US$0.7415 or US$1=C$1.3486.
Canadian retail sales were up by 0.3 per cent in July at C$66.1 billion, according to a report from Statistics Canada. Sales were up in seven of nine subsectors. Core retail sales, which exclude gasoline stations and fuel vendors along with motor vehicle and parts dealers, were up by 1.3 per cent. Preliminary data for August showed a 0.3 per cent decline in retail sales.
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Crude oil moved higher, with West Texas Intermediate up by 0.80 per cent at US$90.35 per barrel.
The TSX Composite Index was slightly weaker, losing 11.65 points to close at 19,779.97 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.40
Linamar Corp.——————–up $ 0.14 at $ 64.85
Maple Leaf Foods—————–up $ 0.12 at $ 27.13
Nutrien Ltd.———————dn $ 0.32 at $ 83.59
Ritchie Bros Auctioneers Inc.—-dn $ 0.29 at $ 84.80
Farmers Edge Inc.—————-dn $ 0.025 at $ 0.175
(All figures are in Canadian dollars.)
