By MarketsFarm
WINNIPEG, Aug. 4 (MarketsFarm) – The Canadian dollar held steady on Thursday, as support from broad weakness in the United States dollar index internationally was countered by the bearish influence of declines in crude oil.
The Canadian dollar settled at US$0.7780 or US$1=C$1.2854 on Thursday, which compares with Wednesday’s close of US$0.7780 or US$1=C$1.2853.
Canada’s merchandise exports increased by 2.0 per cent in June while imports were up by 1.7 per cent, according to a report from Statistics Canada. As a result, the country’s trade surplus widened to C$5.0 billion, from C$4.8 billion the previous month.
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West Texas Intermediate crude oil was down by 2.91 per cent at US$88.03 per barrel.
The TSX Composite Index was up by 31.10 points, or 0.16 per cent, to close at 19,577.04 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-up $ 0.05 at $ 2.39
Linamar Corp.——————–dn $ 0.09 at $ 58.06
Maple Leaf Foods—————–dn $ 4.63 at $ 22.33
Nutrien Ltd.———————up $ 0.80 at $106.10
Ritchie Bros Auctioneers Inc.—-up $ 1.27 at $ 93.41
Farmers Edge Inc.—————-up $ 0.05 at $ 1.21
(All figures are in Canadian dollars.)
