Canadian Financial Close: C$ steady Thursday

By MarketsFarm

Glacier FarmMedia MarketsFarm– The Canadian dollar held steady Thursday, lacking any clear direction.

The Canadian dollar settled at US$0.7291 or US$1=C$1.3715 on Wednesday, which compares with Wednesday’s close of US$0.7293 or US$1=C$1.3711.

New home sales in Canada were up by 4.8 per cent in July compared to the same month a year ago, according to a report from the Canadian Real Estate Association, although sales were down by 0.7 per cent from the previous month on a seasonally adjusted basis.

Canadian wholesale sales dropped by 0.6 per cent in June compared to the previous month, coming in at C$82.4 billion, according to a report from Statistics Canada. Sales were down in five of the seven subsectors.

Crude oil was stronger, with West Texas crude oil up by

1.27 per cent at US$77.96 per barrel.

The TSX Composite Index gained 262.25 points to close at 22,760.01 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.05

Linamar Corp.——————–up  $ 0.50    at $ 62.09

Maple Leaf Foods—————–dn  $ 0.05    at $ 22.95

Nutrien Ltd.———————up  $ 0.69    at $ 63.66

RB Global Inc.——————-up  $ 2.36    at $112.20

Farmers Edge Inc.—————-    $ 0.00    at $  0.345

(All figures are in Canadian dollars.)