Canadian Financial Close: C$ firm, but lags world currencies

By MarketsFarm

WINNIPEG, May 28 (MarketsFarm) – The Canadian dollar was firmer on Thursday, but lagged most other major world currencies relative to the United States dollar.
The Canadian dollar closed at US$0.7265 or US$1=C$1.3764, which compares with Wednesday’s North American close of US$0.7257 or US$1=C$1.3780.
Canada’s current account deficit widened to C$11.1 billion in March, which compares with the revised reading of C$9.3 billion the previous month.
A turn higher in crude oil provided some support for the energy-linked currency, with West Texas Intermediate recovering from early losses to post a two per cent gain.
The TSX Composite Index was slightly weaker, losing 9.30 points, or 0.06 per cent, to close at 15,262.73 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————-dn $ 0.04 at $ 2.49
Linamar Corp.——————–up $ 0.35 at $ 38.63
Maple Leaf Foods—————–up $ 0.33 at $ 26.38
Nutrien Ltd.———————dn $ 0.15 at $ 47.45
Ritchie Bros Auctioneers Inc.—-up $ 1.98 at $ 58.92
Rocky Mountain Dealerships Inc.–up $ 0.06 at $ 4.50

(All figures are in Canadian dollars.)


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