By MarketsFarm
WINNIPEG, Aug. 28 (MarketsFarm) – The Canadian dollar was slightly weaker on Wednesday, seeing a correction from its recent two-week highs.
The Canadian dollar closed at US$0.7518 or US$1=C$1.3301, which compares with Tuesday’s close of US$0.7537, or US$1=C$1.3267.
A move by United Kingdom Prime Minister Boris Johnson to suspend Parliament ahead of the looming Brexit deadline caused the U.S. dollar to rise against many international currencies, including the Canadian dollar.
Crude oil prices were up on Wednesday, as declining U.S. stockpiles provided support and eased concerns over the trade dispute with China.
The TSX Composite Index was higher, gaining 88.06 points, or 0.54 per cent, to close at 16,271.65 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.64
Linamar Corp.——————–up $ 0.59 at $ 39.16
Maple Leaf Foods—————–dn $ 0.31 at $ 31.41
Nutrien Ltd.———————up $ 0.68 at $ 65.53
Ritchie Bros Auctioneers Inc.—-up $ 0.70 at $ 52.25
Rocky Mountain Dealerships Inc.–dn $ 0.01 at $ 6.51
(All figures are in Canadian dollars.)
