Canadian Financial Close: C$ weakens on reduced risk appetite

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Thursday, as weak economic data out of the United States had investors backing away from riskier assets.

The Canadian dollar settled at US$0.7222 or US$1=C$1.3846 on Thursday, which compares with Wednesday’s close of US$0.7242 or US$1=C$1.3809.

Crude oil was also weaker, with West Texas crude oil down by 1.28 per cent at US$76.91 per barrel.

The TSX Composite Index lost 387.60 points to close at 22,723.21 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.03

Linamar Corp.——————–dn  $ 2.69    at $ 66.18

Maple Leaf Foods—————–up  $ 0.39    at $ 25.60

Nutrien Ltd.———————dn  $ 1.58    at $ 69.23

RB Global Inc.——————-dn  $ 4.44    at $105.55

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

(All figures are in Canadian dollars.)