By MarketsFarm
WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was weaker on Friday, hitting its lowest level in a month relative to its United States counterpart.
The Canadian dollar settled at US$0.7698 or US$1=C$1.2991 on Friday, which compares with Thursday’s close of US$0.7735 or US$1=C$1.2928.
Uncertainty over a global economic slowdown had investors backing away from riskier assets in favour of safe havens like the U.S. dollar.
Canadian retail sales were up by 1.1 per cent in June compared to the previous month, according to a report from Statistics Canada.
Crude oil held rangebound, although the bias was lower with West Texas Intermediate crude oil down by 0.46 per cent at US$90.08 per barrel.
The TSX Composite Index was weaker, down 153.99 points or 0.76 per cent to close at 20,111.38 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.00
Linamar Corp.——————–dn $ 0.18 at $ 65.97
Maple Leaf Foods—————– $ 0.00 at $ 23.86
Nutrien Ltd.———————dn $ 1.45 at $117.41
Ritchie Bros Auctioneers Inc.—-dn $ 0.36 at $ 91.61
Farmers Edge Inc.—————-up $ 0.05 at $ 0.92
(All figures are in Canadian dollars.)
