WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was weaker on Thursday, retreating from nearby highs to its lowest levels in the past week.
The Canadian dollar closed at US$0.7559 or US$1=C$1.3230, which compares with Wednesday’s North American close of US$0.7611 or US$1=C$1.3139.
Mounting concerns over the second-wave of COVID-19, as numerous countries reintroduce stricter preventative measures, accounted for some of the activity in the global financial markets on Thursday.
Early losses in crude oil also weighed on the energy-linked currency, although the oil market managed to cover to settle near unchanged. West Texas Intermediate crude oil was down by 0.15 per cent, at US$40.98 per barrel.
The TSX Composite Index was up on the day, gaining 45.63 points, or 0.28 per cent, to close at 16,501.03 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.49
Linamar Corp.——————–up $ 0.06 at $ 44.43
Maple Leaf Foods—————–up $ 0.19 at $ 25.09
Nutrien Ltd.———————up $ 0.54 at $ 53.13
Ritchie Bros Auctioneers Inc.—-up $ 0.72 at $ 83.97
Rocky Mountain Dealerships Inc.–up $ 0.01 at $ 5.75
(All figures are in Canadian dollars.)