By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The Canadian dollar was weaker on Friday, as currency traders adjusted positions ahead of the weekend.
The Canadian dollar settled at US$0.7389 or US$1=C$1.3533 on Friday, which compares with Thursday’s close of US$0.7401 or US$1=C$1.3512.
Canada’s balance of trade saw a net inflow of C$16.5 billion in January, as foreign investors increased their holdings of Canadian securities by C$8.9 billion during the month and Canadian investors reduced their foreign securities holdings by C$7.6 billion, according to a report from Statistics Canada.
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Glacier FarmMedia | MarketsFarm – The Canadian dollar tumbled on Friday but still ended the week slightly higher than the last….
Wholesale sales in Canada were up by 0.1 per cent in January, according to a separate StatCan report, hitting C$82.4 billion.
Canadian housing starts hit 253,300 units in February, according to a report from the Canadian Mortgage and Housing Corporation. That beat expectations and compares with the revised reading of 223,200 units for January.
Crude oil was slightly softer, with West Texas Intermediate crude oil down by 0.30 per cent at US$81.02 per barrel.
The TSX Composite Index was up by 19.30 points to close at 21,849.15 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.07
Linamar Corp.——————–up $ 0.37 at $ 70.25
Maple Leaf Foods—————–up $ 0.38 at $ 23.44
Nutrien Ltd.———————up $ 0.96 at $ 72.81
RB Global Inc.——————-dn $ 0.77 at $101.88
Farmers Edge Inc.—————- $ 0.00 at $ 0.345
(All figures are in Canadian dollars.)
