Canadian Financial Close: C$ sharply weaker

By MarketsFarm

WINNIPEG, Sept. 8 (MarketsFarm) – The Canadian dollar was sharply weaker relative to its United States counterpart on Tuesday, as losses in crude oil and broad gains in the U.S. dollar index weighed on the currency.
The Canadian dollar closed at US$0.7581 or US$1=C$1.3191, which compares with Friday’s North American close of US$0.7640 or US$1=C$1.3089.
Heightened concerns over COVID-19 and the slow pace of global economic recovery accounted for much of the activity in the financial markets on Tuesday, as investors bailed out of riskier assets.

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West Texas Intermediate crude oil was down by about 7.4 per cent, at US$39.77 per barrel.
The TSX Composite Index was weaker, losing 118.49 points, or 0.73 per cent, to close at 16,099.52 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————- $ 0.00 at $ 2.55
Linamar Corp.——————–dn $ 1.08 at $ 40.59
Maple Leaf Foods—————–dn $ 0.15 at $ 28.16
Nutrien Ltd.———————dn $ 0.37 at $ 48.84
Ritchie Bros Auctioneers Inc.—-dn $ 0.38 at $ 74.23
Rocky Mountain Dealerships Inc.–up $ 0.04 at $ 5.54

(All figures are in Canadian dollars.)