Canadian Financial Close: C$ strengthens

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar saw some modest strength on Thursday, underpinned by gains in crude oil and soft economic data out of the United States.

The Canadian dollar settled at US$0.7305 or US$1=C$1.3689 on Thursday, which compares with Wednesday’s close of US$0.7294 or US$1=C$1.3709.

Economic growth in the U.S. slowed to an annual pace of 1.6 per cent in the last quarter, according to a report from the Commerce Department. That compares with the 3.4 per cent rise in the gross domestic product reported the previous quarter.

West Texas Intermediate crude oil was up 1.21 per cent at US$83.81 per barrel.

The TSX Composite Index was up by 11.66 points to close at 21,885.38 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-dn  $ 0.08    at $  2.09

Linamar Corp.——————–dn  $ 0.35    at $ 65.70

Maple Leaf Foods—————–dn  $ 0.47    at $ 23.74

Nutrien Ltd.———————dn  $ 0.52    at $ 71.12

RB Global Inc.——————-dn  $ 0.36    at $100.16

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

(All figures are in Canadian dollars.)