By MarketsFarm
WINNIPEG, Oct. 11 (MarketsFarm) – The Canadian dollar was slightly softer on Wednesday, as losses in crude oil weighed on the energy-linked currency.
The Canadian dollar settled at US$0.7351 or US$1=C$1.3603 on Tuesday, which compares with Tuesday’s close of US$0.7358 or US$1=C$1.3591.
The value of building permits issued in Canada increased by 3.4 per cent in August, hitting C$11.9 billion, according to a report from Statistics Canada, as losses in the residential sector were more than countered by gains in non-residential permits.
Exxon Mobil will buy Pioneer Natural Resources in an all-stock deal valued at US$59.5 billion, according to reports.
West Texas Intermediate was down by 2.57 per cent at US$83.76 per barrel.
The TSX Composite Index was stronger, gaining 162.64 points to close at 19,663.84 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-up $ 0.03 at $ 2.40
Linamar Corp.——————–up $ 0.55 at $ 67.40
Maple Leaf Foods—————–up $ 0.16 at $ 26.29
Nutrien Ltd.———————dn $ 1.55 at $ 82.58
Ritchie Bros Auctioneers Inc.—-up $ 0.32 at $ 91.60
Farmers Edge Inc.—————- $ 0.00 at $ 0.15
(All figures are in Canadian dollars.)
