Canadian Financial Close: C$ edges higher

By MarketsFarm

WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar edged higher relative to its United States counterpart on Thursday despite weakness in crude oil.

The Canadian dollar settled at US$0.7458 or US$1=C$1.3409 on Thursday, which compares with Wednesday’s close of US$0.7445 or US$1=C$1.3431.

The U.S. Bureau of Labor reported that the country’s Consumer Price Index was up by 3.2 per cent in July on an annual basis, which compares with the 3.0 per cent rise reported in June.

West Texas Intermediate was down by 1.86 per cent at US$82.82 per barrel.

The TSX Composite Index was stronger, gaining 67.61 points or 0.33 per cent to close at 20,342.88 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.12

Linamar Corp.——————–dn  $ 2.29    at $ 72.48

Maple Leaf Foods—————–dn  $ 0.07    at $ 30.30

Nutrien Ltd.———————dn  $ 1.20    at $ 89.93

Ritchie Bros Auctioneers Inc.—-dn  $ 0.21    at $ 77.86

Farmers Edge Inc.—————-up  $ 0.02    at $  0.215

(All figures are in Canadian dollars.)