By MarketsFarm
WINNIPEG, Nov. 22 (MarketsFarm) – The Canadian dollar was virtually unchanged at market close on Thursday, by maintaining strength on Statistics Canada’s September retail sales report.
The loonie finished the day at US$0.7526 or US$1=C$1.3287, which compares with Thursday’s close of US$0.7527 or C$1.3285.
Statistics Canada reported retail sales in September slipped by 0.1 per cent overall. However, if new motor vehicle sales were removed from the equation, retail sales were up 0.2 per cent.
Benchmark oil prices were slightly lower on Friday due to pessimism towards United States/China trade talks, despite the presidents of both countries stating a deal is close.
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Brent crude oil was down 34 cents to close at US$63.63 per barrel, and West Texas Intermediate (WTI) was down 59 cents to close at US$57.99 per barrel. Western Canadian Select crude was down 62 cents at US$39.02 per barrel.
The TSX/S&P Composite Index was down 44.35 points on Friday at 16,954.84 points.
Gold was lost US$1.50 on Friday, closing at US$1,462.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.60
Linamar Corp. dn $ 0.86 at $ 42.82
Maple Leaf Foods up $ 0.03 at $ 23.48
Nutrien Ltd. up $ 0.11 at $ 61.93
Ritchie Bros Auctioneers Inc. up $ 0.14 at $ 55.63
Rocky Mountain Dealerships Inc. up $ 0.09 at $ 6.44
(All figures are in Canadian dollars.)
