By MarketsFarm
WINNIPEG, Dec. 10 (MarketsFarm) – The Canadian dollar was weaker on Friday, as currency markets reacted to inflation data out of the United States.
The Canadian dollar closed at US$0.7865 or US$1=C$1.2714 on Friday, which compares with Thursday’s North American close of US$0.7874 or US$1=C$1.2700.
Consumer prices in the United States were up by 6.8 per cent on an annual basis in November, according to a report from the U.S. Labor Department. That marked the largest rise in inflation in nearly 40 years, and was seen as reinforcing expectations for tightening monetary policy in the country.
Crude oil was stronger, with West Texas Intermediate crude oil up by 1.48 per cent, at US$71.99 per barrel.
The TSX Composite Index was down by 34.87 points, or 0.17 per cent, to close at 20,890.62 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.00
Linamar Corp.——————–dn $ 0.54 at $ 73.80
Maple Leaf Foods—————–up $ 0.15 at $ 28.79
Nutrien Ltd.———————up $ 1.14 at $ 89.45
Ritchie Bros Auctioneers Inc.—-dn $ 0.77 at $ 85.88
Farmers Edge Inc.—————-up $ 0.10 at $ 3.50
(All figures are in Canadian dollars.)
