By MarketsFarm
WINNIPEG, July 16 (MarketsFarm) – The Canadian dollar held relatively steady on Thursday, despite weakness in outside equity and energy markets.
The Canadian dollar closed at US$0.7384 or US$1=C$1.3543, which compares with Wednesday’s North American close of US$0.7389 or US$1=C$1.3534.
Renewed concerns over the slow pace of world economic recovery due to the COVID-19 pandemic weighed on world financial markets.
West Texas Intermediate crude oil was down by about 1.1 per cent, at US$4.72 per barrel.
The TSX Composite Index was weaker, losing 38.83 points, or 0.24 per cent, to close at 16,024.50 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.55
Linamar Corp.——————–dn $ 0.44 at $ 38.36
Maple Leaf Foods—————–up $ 0.01 at $ 28.06
Nutrien Ltd.———————dn $ 0.22 at $ 45.29
Ritchie Bros Auctioneers Inc.—-up $ 0.17 at $ 57.61
Rocky Mountain Dealerships Inc.–up $ 0.01 at $ 4.03
(All figures are in Canadian dollars.)
