By MarketsFarm
WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar held relatively steady on Friday, lacking any clear direction despite a rally in crude oil as the currency saw some consolidation ahead of the weekend.
The Canadian dollar settled at US$0.7320 or US$1=C$1.3661 on Friday, which compares with Thursday’s close of US$0.7322 or US$1=C$1.3657.
Ideas that the Bank of Canada will likely hold interest rates steady through the rest of the year while the United States Federal Reserve may up rates one more time put some pressure on the loonie.
Crude oil was sharply higher, with West Texas Intermediate relatively up by 5.78 per cent at US$87.70 per barrel.
The TSX Composite Index was weaker, losing 37.38 points to close at 19,462.86 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.40
Linamar Corp.——————–dn $ 1.47 at $ 64.61
Maple Leaf Foods—————–dn $ 0.33 at $ 25.30
Nutrien Ltd.———————up $ 0.55 at $ 82.52
Ritchie Bros Auctioneers Inc.—-dn $ 1.05 at $ 90.89
Farmers Edge Inc.—————-up $ 0.01 at $ 0.16
(All figures are in Canadian dollars.)
