WINNIPEG, June 23 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, as the currency continued to recover from its losses relative to its United States counterpart seen the previous week.
The Canadian dollar closed at US$0.8139 or US$1=C$1.2287 on Wednesday, which compares with Tuesday’s North American close of US$0.8093 or US$1=C$1.2356.
Canadian retail sales were down by 5.7 per cent in April, hitting C$54.8 billion, as the COVID-19 third wave cut into a number of subsectors, according to a report from Statistics Canada
Strength in crude oil contributed to the firmer tone in the Canadian currency, with West Texas Intermediate up by 0.56 per cent at US$73.26 per barrel.
The TSX Composite Index was weaker, down 36.26 points, or 0.18 per cent, to close at 20,164.39 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.39
Linamar Corp.——————–up $ 0.08 at $ 79.30
Maple Leaf Foods—————–dn $ 0.23 at $ 25.55
Nutrien Ltd.———————up $ 0.06 at $ 75.51
Ritchie Bros Auctioneers Inc.—-up $ 0.06 at $ 75.00
Farmers Edge Inc.—————-up $ 0.08 at $ 12.06
(All figures are in Canadian dollars.)