By MarketsFarm
WINNIPEG, Sep. 29 (MarketsFarm) – The Canadian dollar was weaker on Thursday, amid broad global economic uncertainty and a general tone of risk aversion in the financial markets.
The Canadian dollar settled at US$0.7296 or US$1=C$1.3707 on Thursday, which compares with Wednesday’s close of US$0.7321 or US$1=C$1.3660.
The weakness in the currency came despite unexpected growth in Canada’s economy, with the country’s gross domestic product up by 0.1 per cent on a monthly basis in July according to a report from Statistics Canada. Pre-report expectations had been for a slight decline. Preliminary data for August showed a steady reading, with increases in some sectors offset by declines in others.
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The TSX Composite Index was weaker, down 207.08 points or 1.11 per cent to close at 18,441.84 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 1.95
Linamar Corp.——————–dn $ 7.06 at $ 53.62
Maple Leaf Foods—————–dn $ 0.18 at $ 20.65
Nutrien Ltd.———————dn $ 3.34 at $114.47
Ritchie Bros Auctioneers Inc.—-dn $ 0.98 at $ 87.66
Farmers Edge Inc.—————-up $ 0.06 at $ 0.69
(All figures are in Canadian dollars.)
