WINNIPEG, June 24 (MarketsFarm) – The Canadian dollar was slightly weaker on Thursday, despite improving confidence in the country’s export sector.
The Canadian dollar closed at US$0.8120 or US$1=C$1.2316 on Thursday, which compares with Wednesday’s North American close of US$0.8139 or US$1=C$1.2287.
Optimism over a post-pandemic recovery saw Canada’s Trade Confidence Index up by 19 per cent from the end of 2020 to mid-2021, according to a survey from Export Development Canada.
Crude oil was slightly firmer on the day, with West Texas Intermediate up by 0.40 per cent at US$73.37 per barrel.
The TSX Composite Index was stronger, up 50.73 points, or 0.25 per cent, to close at 20,215.12 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.39
Linamar Corp.——————–up $ 1.06 at $ 80.36
Maple Leaf Foods—————–up $ 0.15 at $ 25.70
Nutrien Ltd.———————dn $ 0.44 at $ 75.07
Ritchie Bros Auctioneers Inc.—-up $ 0.39 at $ 75.39
Farmers Edge Inc.—————-up $ 0.09 at $ 12.15
(All figures are in Canadian dollars.)