By MarketsFarm
WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was weaker on Friday as currency markets reacted to the latest North American jobs data.
The Canadian dollar settled at US$0.7732 or US$1=C$1.2934 on Friday, which compares with Thursday’s close of US$0.7780 or US$1=C$1.2854.
Canada’s unemployment rate held steady at 4.9 per cent in July, with Statistics Canada reporting a small decline of 30,600 jobs during the month. Meanwhile, nonfarm payrolls in the United States were up by 528,000 jobs in July, according to the U.S. Labor Department, taking that country’s unemployment rate to 3.5 per cent. The U.S. dollar saw some broad strength internationally on the back of the employment data.
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The TSX Composite Index was up by 43.09 points, or 0.22 per cent, to close at 19,620.13 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.39
Linamar Corp.——————–up $ 0.54 at $ 58.60
Maple Leaf Foods—————–dn $ 0.45 at $ 21.88
Nutrien Ltd.———————up $ 2.29 at $108.39
Ritchie Bros Auctioneers Inc.—-dn $ 5.89 at $ 87.52
Farmers Edge Inc.—————-dn $ 0.04 at $ 1.17
(All figures are in Canadian dollars.)
