By MarketsFarm
WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was weaker on Friday, as broad strength in the United States dollar internationally weighed on the currency.
The Canadian dollar settled at US$0.7425 or US$1=C$1.3468 on Thursday, which compares with Thursday’s close of US$0.7444 or US$1=C$1.3433.
Canada’s economy added 10,000 jobs in November, after an increase of 108,000 the previous month, according to a report from Statistics Canada. The unemployment rate dipped to 5.1 per cent, from 5.2 per cent in October.
Read Also
Canadian Financial Close: Loonie up as U.S. markets tumble
Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed…
The relatively stable jobs report was seen as supporting expectations that the Bank of Canada would only increase interest rates by 25 points, instead of making a larger move when they make their rate decision next Wednesday.
West Texas Intermediate down by 1.3 per cent at US$80.17 per barrel.
The TSX Composite Index was weaker, down 39.79 points or 0.19 per cent to close at 20,485.66 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-up $ 0.05 at $ 1.88
Linamar Corp.——————–dn $ 0.05 at $ 66.12
Maple Leaf Foods—————–up $ 0.22 at $ 25.39
Nutrien Ltd.———————up $ 1.43 at $107.00
Ritchie Bros Auctioneers Inc.—-up $ 0.50 at $ 73.35
Farmers Edge Inc.—————-dn $ 0.015 at $ 0.28
(All figures are in Canadian dollars.)
