Canadian Financial Close: C$ steady Friday
By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Friday.
The Canadian dollar settled at US$0.7296 or US$1=C$1.3707 on Friday, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715.
Canadian housing starts increased by 16 per cent in July, hitting a seasonally adjusted rate of 279,508 units, according to a report from the Canadian Mortgage and Housing Corporation. The starts beat market expectations.
Crude oil was weaker, with West Texas crude oil down by
1.82 per cent at US$76.74 per barrel.
The TSX Composite Index gained 21.89 points to close at 23,054.61 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.02 at $ 2.40
Linamar Corp.——————–up $ 0.21 at $ 62.30
Maple Leaf Foods—————–dn $ 0.11 at $ 22.84
Nutrien Ltd.———————up $ 0.40 at $ 64.06
RB Global Inc.——————-up $ 0.39 at $112.59
Farmers Edge Inc.—————- $ 0.00 at $ 0.35
(All figures are in Canadian dollars.)