By MarketsFarm
WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was stronger on Friday, seeing a bit of a recovery after Thursday’s sharp drop relative to its United States counterpart.
The Canadian dollar settled at US$0.7670 or US$1=C$1.3038 on Friday, which compares with Thursday’s North American close of US$0.7612 or US$1=C$1.3138.
Canadian wholesale sales were up by 1.6 per cent in May, hitting C$81.1 billion, according to a report from Statistics Canada. The government agency also reported international trade data showing foreign investors bought C$2.3 billion worth of Canadian securities in May while Canadians added C$573 million of foreign securities into their own holdings. As a result, there was a net inflow of C$1.8 billion into the Canadian economy in May after an outflow of C$7.0 billion the previous month.
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The TSX Composite Index was up by 65.39 points, or 0.36 per cent, to close at 18,394.45 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.34
Linamar Corp.——————–up $ 0.72 at $ 53.95
Maple Leaf Foods—————–dn $ 0.18 at $ 25.35
Nutrien Ltd.———————up $ 1.16 at $ 95.39
Ritchie Bros Auctioneers Inc.—-up $ 0.75 at $ 88.29
Farmers Edge Inc.—————-dn $ 0.09 at $ 1.34
(All figures are in Canadian dollars.)
