By MarketsFarm
WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was firmer on Friday, edging back above the 73 U.S. cent mark to end the week.
The Canadian dollar settled at US$0.7302 or US$1=C$1.3695 on Friday, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715.
Canadian retail sales dipped by 0.1 per cent in August compared to the previous month, coming in at C$66.1 billion, according to a report from Statistics Canada. Early indications point to unchanged sales in September.
Crude oil had moved higher in early activity but ran into resistance and moved lower amid the ongoing unrest in the Middle East, with West Texas Intermediate down by 0.39 per cent at US$89.02 per barrel.
The TSX Composite Index was weaker, losing 233.17 points to close at 19,115.64 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.17 at $ 2.26
Linamar Corp.——————–up $ 0.53 at $ 63.53
Maple Leaf Foods—————–dn $ 0.39 at $ 24.22
Nutrien Ltd.———————dn $ 2.00 at $ 81.48
Ritchie Bros Auctioneers Inc.—-dn $ 0.70 at $ 87.00
Farmers Edge Inc.—————-dn $ 0.01 at $ 0.13
(All figures are in Canadian dollars.)
