By MarketsFarm
WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker on Friday, continuing its slide relative to its United States counterpart ahead of the weekend.
The Canadian dollar closed at US$0.7830 or US$1=C$1.2772 on Friday, which compares with Thursday’s North American close of US$0.7867 or US$1=C$1.2712.
The weakness in the currency came despite gains in crude oil. West Texas Intermediate crude oil was up by 0.74 per cent, at US$87.25 per barrel.
The TSX Composite Index was stronger, up 197.64 points, or 0.96 per cent, to close at 20,741.75 points.
Canada’s agricultural sector performed as follows:
Linamar Corp.——————– $ 0.00 at $ 69.07
Maple Leaf Foods—————–up $ 0.75 at $ 30.30
Nutrien Ltd.———————dn $ 0.73 at $ 87.58
Ritchie Bros Auctioneers Inc.—-up $ 1.98 at $ 75.72
Farmers Edge Inc.—————-dn $ 0.07 at $ 2.69
(All figures are in Canadian dollars.)
