By MarketsFarm
WINNIPEG, Oct. 8 (MarketsFarm) – The Canadian dollar was stronger on Friday, hitting two-month highs s solid domestic jobs data was seen as a sign of the country’s improving economy.
The Canadian dollar settled at US$0.8012 or US$1=C$1.2482 on Friday, which compares with Thursday’s North American close of US$0.7963 or US$1=C$1.2558.
Canada’s economy added 157,000 jobs in September, according to a report from Statistics Canada, taking the unemployment rate down to an 18-month low of 6.9 per cent. The number of new jobs was roughly three times as large as pre-report expectations.
West Texas Intermediate was up by 1.3 per cent, at US$79.35 per barrel.
The TSX Composite Index held steady, up only 0.10 points to close at 20,416.31 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.21
Linamar Corp.——————–up $ 1.69 at $ 67.75
Maple Leaf Foods—————–dn $ 0.11 at $ 26.81
Nutrien Ltd.———————up $ 0.36 at $ 87.52
Ritchie Bros Auctioneers Inc.—-dn $ 1.36 at $ 79.45
Farmers Edge Inc.—————-up $ 0.31 at $ 4.75
(All figures are in Canadian dollars.)
