By MarketsFarm
WINNIPEG, Aug. 6 (MarketsFarm) – The Canadian dollar was weaker on Friday, as crude oil moved lower and domestic jobs data failed to live up to expectations.
The Canadian dollar settled at US$0.7968 or US$1=C$1.2550 on Friday, which compares with Thursday’s North American close of US$0.8002 or US$1=C$1.2497.
The Canadian economy added 94,000 jobs in July, according to a report from Statistics Canada. Pre-report expectations had been for a larger increase. Meanwhile, employment data out of the United States topped market forecasts, with the resulting strength in the U.S. currency contributing to the relative softness in the Canadian dollar.
Read Also
Canadian Financial Close: C$ firm Friday
Glacier FarmMedia — The Canadian dollar strengthened Friday, as dovish comments out of the United States Federal Reserve weighed on…
The TSX Composite Index was stronger, up 99.94 points, or 0.49 per cent, to close at 20,475.42 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.00
Linamar Corp.——————–dn $ 1.13 at $ 72.35
Maple Leaf Foods—————–dn $ 0.16 at $ 25.91
Nutrien Ltd.———————up $ 2.23 at $ 74.74
Ritchie Bros Auctioneers Inc.—-dn $ 1.35 at $ 73.15
Farmers Edge Inc.—————-dn $ 0.14 at $ 9.00
(All figures are in Canadian dollars.)
