By MarketsFarm
WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar held within a narrow range on Wednesday, largely ignoring the sharp losses in crude oil.
The Canadian dollar was trading at US$0.7971 or US$1=C$1.2545 late Wednesday, which was unchanged from Tuesday’s North American close.
The value of Canadian building permits was up by 6.9 per cent in June, to hit C$10.3 billion, according to a report from Statistics Canada.
An increase in crude oil stocks in the United States, along with mounting concerns over the COVID-19 Delta variant, accounted for some weakness in oil. West Texas Intermediate was down by 3.66 per cent at US$67.97 per barrel.
The TSX Composite Index was weaker, down 36.12 points, or 0.18 per cent, to close at 20,329.73 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.08 at $ 3.08
Linamar Corp.——————–up $ 0.32 at $ 73.22
Maple Leaf Foods—————–dn $ 0.17 at $ 24.35
Nutrien Ltd.———————dn $ 1.65 at $ 72.45
Ritchie Bros Auctioneers Inc.—-dn $ 0.27 at $ 73.29
Farmers Edge Inc.—————-dn $ 0.55 at $ 8.90
(All figures are in Canadian dollars.)
