WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was slightly weaker at Friday’s close, seeing a modest correction after Thursday’s rally ahead of the weekend.
The Canadian dollar closed at US$0.8024 or US$1=C$1.2462 on Friday, which compares with Thursday’s North American close of US$0.8032 or US$1=C$1.2450.
Canada’s gross domestic product contracted by 0.3 per cent in May after falling 0.5 per cent the previous month, according to a report from Statistics Canada. However, preliminary data for June points to a 0.7 per cent increase during the month.
Crude oil held relatively steady on Friday, with West Texas Intermediate was up by 0.16 per cent at US$73.75 per barrel.
The TSX Composite Index was weaker, down 23.98 points, or 0.12 per cent, to close at 20,287.80 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.08
Linamar Corp.——————–dn $ 0.14 at $ 73.82
Maple Leaf Foods—————–dn $ 0.05 at $ 24.71
Nutrien Ltd.———————dn $ 0.46 at $ 74.18
Ritchie Bros Auctioneers Inc.—-up $ 0.28 at $ 74.48
Farmers Edge Inc.—————-dn $ 0.04 at $ 9.72
(All figures are in Canadian dollars.)