Canadian Financial Close: C$ weakens

By MarketsFarm

WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and general uncertainty in world financial markets amid rising cases of the COVID-19 Delta variant weighed on the currency.
The Canadian dollar closed at US$0.7971 or US$1=C$1.2545 on Tuesday, which compares with Friday’s North American close of US$0.8024 or US$1=C$1.2462. Canadian markets were closed Monday for civic holidays.
Crude oil was weaker, with West Texas Intermediate down by 0.93 per cent at US$70.60 per barrel.
The TSX Composite Index was stronger, up 78.05 points, or 0.38 per cent, to close at 20,365.85 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————- $ 0.00 at $ 3.00
Linamar Corp.——————–dn $ 0.92 at $ 72.90
Maple Leaf Foods—————–dn $ 0.19 at $ 24.52
Nutrien Ltd.———————dn $ 0.08 at $ 74.10
Ritchie Bros Auctioneers Inc.—-dn $ 0.92 at $ 73.56
Farmers Edge Inc.—————-dn $ 0.27 at $ 9.45

(All figures are in Canadian dollars.)


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