WINNIPEG, April 15 (MarketsFarm) – The Canadian dollar settled relatively steady on Thursday, as conflicting outside influences pulled on the currency.
The Canadian dollar closed at US$0.7981 or US$1=C$1.2530 on Thursday, which was up from Wednesday’s North American close US$0.7979 or US$1=C$1.2533.
Domestic housing data provided some support for Canadian dollar, as the Canadian Real Estate Association reported that home sales in the country were up by 5.2 per cent in March compared to the previous month. Home prices were up by 20.1 per cent on an annual basis.
Meanwhile, Canadian factory sales were down by 1.6 per cent in February from the previous month, according to a report from Statistics Canada.
Crude oil was firmer, with West Texas Intermediate crude oil up by 0.30 per cent at US$63.34 per barrel.
The TSX Composite Index was stronger, up 150.26 points, or 0.78 per cent, to close at 19,321.92 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.04 at $ 3.79
Linamar Corp.——————–up $ 0.74 at $ 73.67
Maple Leaf Foods—————–up $ 0.48 at $ 26.93
Nutrien Ltd.———————dn $ 0.54 at $ 70.49
Ritchie Bros Auctioneers Inc.—-up $ 1.44 at $ 79.00
Farmers Edge Inc.—————- $ 0.00 at $ 17.90
(All figures are in Canadian dollars.)