By MarketsFarm
WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was weaker on Friday, as losses in crude oil and broad strength in the United States dollar weighed on the currency.
The Canadian dollar settled at US$0.7266 or US$1=C$1.3763 on Friday, which compares with Thursday’s close of US$0.7315 or US$1=C$1.3671.
Crude oil was pressured by global economic uncertainty, brought on by concerns in the banking sector, with West Texas Intermediate crude oil down by 0.96 per cent at US$69.28 per barrel.
The TSX Composite Index was up by 41.57 points or 0.21 per cent to close at 19,501.49 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.03 at $ 2.27
Linamar Corp.——————–dn $ 0.73 at $ 61.91
Maple Leaf Foods—————–dn $ 0.04 at $ 24.20
Nutrien Ltd.———————dn $ 1.90 at $ 98.56
Ritchie Bros Auctioneers Inc.—-up $ 0.27 at $ 74.73
Farmers Edge Inc.—————-dn $ 0.02 at $ 0.17
(All figures are in Canadian dollars.)
