By MarketsFarm
WINNIPEG, Aug. 9 (MarketsFarm) – The Canadian dollar was slightly firmer on Wednesday, taking back some of Tuesday’s losses relative to its United States counterpart.
The Canadian dollar settled at US$0.7445 or US$1=C$1.3431 on Tuesday, which compares with Tuesday’s close of US$0.7432 or US$1=C$1.3456.
The value of building permits issued in Canada was up by 6.1 per cent in June compared to the previous month, hitting C$11.6 billion, according to a report from Statistics Canada. Sharp increases in the institutional and industrial sectors more than offset declines in the residential sector.
West Texas Intermediate was up by 1.59 per cent at US$84.24 per barrel.
The TSX Composite Index was stronger, gaining 69.29 points or 0.34 per cent to close at 20,275.27 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.09 at $ 2.12
Linamar Corp.——————–dn $ 2.59 at $ 74.77
Maple Leaf Foods—————–up $ 0.29 at $ 30.37
Nutrien Ltd.———————up $ 2.20 at $ 91.13
Ritchie Bros Auctioneers Inc.—-up $ 0.10 at $ 78.07
Farmers Edge Inc.—————-dn $ 0.015 at $ 0.195
(All figures are in Canadian dollars.)
