By MarketsFarm
WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar was weaker on Friday, as broad strength in the United States dollar internationally weighed on the currency.
The Canadian dollar settled at US$0.7425 or US$1=C$1.3468 on Thursday, which compares with Thursday’s close of US$0.7444 or US$1=C$1.3433.
Canada’s economy added 10,000 jobs in November, after an increase of 108,000 the previous month, according to a report from Statistics Canada. The unemployment rate dipped to 5.1 per cent, from 5.2 per cent in October.
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The relatively stable jobs report was seen as supporting expectations that the Bank of Canada would only increase interest rates by 25 points, instead of making a larger move when they make their rate decision next Wednesday.
West Texas Intermediate down by 1.3 per cent at US$80.17 per barrel.
The TSX Composite Index was weaker, down 39.79 points or 0.19 per cent to close at 20,485.66 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-up $ 0.05 at $ 1.88
Linamar Corp.——————–dn $ 0.05 at $ 66.12
Maple Leaf Foods—————–up $ 0.22 at $ 25.39
Nutrien Ltd.———————up $ 1.43 at $107.00
Ritchie Bros Auctioneers Inc.—-up $ 0.50 at $ 73.35
Farmers Edge Inc.—————-dn $ 0.015 at $ 0.28
(All figures are in Canadian dollars.)
