By MarketsFarm
WINNIPEG, June 17 (MarketsFarm) – The Canadian dollar was weaker on Friday, hitting its lowest levels in 19 months relative to its United States counterpart as losses in crude oil weighed on the energy-linked currency.
The Canadian dollar closed at US$0.7672 or US$1=C$1.3035 on Friday, which compares with Thursday’s North American close of US$0.7735 or US$1=C$1.2928.
Concerns over a global economic downturn weighed on crude oil, with West Texas Intermediate down by 6.50 per cent, at US$109.95 per barrel.
Canada’s Industrial Product Price Index was up by 1.7 per cent in May compared with the previous month, having risen 15.0 per cent on an annual basis, according to a report from Statistics Canada. The country’s Raw Materials Price Index was up by 2.5 per cent monthly and 37.4 per cent on the year.
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Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.27
Linamar Corp.——————–up $ 0.37 at $ 54.05
Maple Leaf Foods—————–dn $ 0.11 at $ 25.90
Nutrien Ltd.———————dn $ 2.09 at $108.18
Ritchie Bros Auctioneers Inc.—-up $ 1.26 at $ 77.52
Farmers Edge Inc.—————-dn $ 0.05 at $ 1.55
(All figures are in Canadian dollars.)
