WINNIPEG, June 11 (MarketsFarm) – The Canadian dollar fell to its weakest level in nearly a month relative to its United States counterpart on Friday as the U.S. dollar strengthened ahead of next week’s Federal Reserve interest rate announcement.
The Canadian dollar closed at US$0.8232 or US$1=C$1.2148 on Friday, which compares with Thursday’s North American close of US$0.8269 or US$1=C$1.2094.
Crude oil was stronger, with West Texas Intermediate up by 0.74 per cent at US$70.81 per barrel.
The TSX Composite Index was stronger, up 88.88 points, or 0.44 per cent, to close at 20,138.35 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.08 at $ 3.49
Linamar Corp.——————–up $ 0.43 at $ 82.42
Maple Leaf Foods—————–up $ 0.11 at $ 26.31
Nutrien Ltd.———————up $ 0.78 at $ 78.91
Ritchie Bros Auctioneers Inc.—-up $ 1.62 at $ 71.35
Farmers Edge Inc.—————-dn $ 0.15 at $ 12.60
(All figures are in Canadian dollars.)