Canadian Financial Close: Canadian dollar backs off highs

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Published: October 21, 2021

By MarketsFarm

WINNIPEG, Oct. 21 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, seeing a modest correction after hitting its strongest level relative to its United States counterpart in nearly four months.
The Canadian dollar closed at US$0.8097 or US$1=C$1.2351 on Thursday, which compares with Wednesday’s North American close of US$0.8111 or US$1=C$1.2329.
Crude oil was weaker on the day, with West Texas Intermediate down by 0.92 per cent, at US$82.65 per barrel.
The TSX Composite Index was stronger, up 24.20 points, or 0.11 per cent, to close at 21,212.39 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————-dn $ 0.01 at $ 3.20
Linamar Corp.——————–dn $ 0.26 at $ 68.77
Maple Leaf Foods—————–up $ 0.15 at $ 27.82
Nutrien Ltd.———————dn $ 1.93 at $ 86.55
Ritchie Bros Auctioneers Inc.—-up $ 0.30 at $ 83.27
Farmers Edge Inc.—————-dn $ 0.15 at $ 4.75

(All figures are in Canadian dollars.)

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