By MarketsFarm
WINNIPEG, Nov. 10 (MarketsFarm) – The Canadian dollar was weaker on Friday, losing ground relative to its United States counterpart despite gains in crude oil.
The Canadian dollar settled at US$0.7236 or US$1=C$1.3819 on Friday, which compares with Thursday’s close of US$0.7256 or US$1=C$1.3781.
Crude oil was underpinned by ideas losses earlier in the week were overdone, with the ongoing conflict in the Middle East and expectations for production cuts providing some support.
West Texas Intermediate crude oil was up by 2.11 per cent at US$77.34 per barrel.
The TSX Composite Index was stronger, gaining 67.06 points to close at 19,654.47 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-up $ 0.04 at $ 2.30
Linamar Corp.——————–dn $ 1.13 at $ 58.80
Maple Leaf Foods—————–dn $ 0.35 at $ 25.89
Nutrien Ltd.———————dn $ 1.12 at $ 73.85
Ritchie Bros Auctioneers Inc.—-dn $ 9.67 at $ 82.99
Farmers Edge Inc.—————-dn $ 0.01 at $ 0.10
(All figures are in Canadian dollars.)
