By MarketsFarm
WINNIPEG, Sep. 29 (MarketsFarm) – The Canadian dollar was weaker on Thursday, amid broad global economic uncertainty and a general tone of risk aversion in the financial markets.
The Canadian dollar settled at US$0.7296 or US$1=C$1.3707 on Thursday, which compares with Wednesday’s close of US$0.7321 or US$1=C$1.3660.
The weakness in the currency came despite unexpected growth in Canada’s economy, with the country’s gross domestic product up by 0.1 per cent on a monthly basis in July according to a report from Statistics Canada. Pre-report expectations had been for a slight decline. Preliminary data for August showed a steady reading, with increases in some sectors offset by declines in others.
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Glacier FarmMedia | MarketsFarm – The Canadian dollar eased off on Monday, but remained above the 73 United States cent mark….
The TSX Composite Index was weaker, down 207.08 points or 1.11 per cent to close at 18,441.84 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 1.95
Linamar Corp.——————–dn $ 7.06 at $ 53.62
Maple Leaf Foods—————–dn $ 0.18 at $ 20.65
Nutrien Ltd.———————dn $ 3.34 at $114.47
Ritchie Bros Auctioneers Inc.—-dn $ 0.98 at $ 87.66
Farmers Edge Inc.—————-up $ 0.06 at $ 0.69
(All figures are in Canadian dollars.)
