Canadian Financial Close: C$ weakens with crude oil

By MarketsFarm

WINNIPEG, Nov. 8 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as losses in crude oil weighed on the energy-linked currency.

The Canadian dollar settled at US$0.7248 or US$1=C$1.3797 on Wednesday, which compares with Tuesday’s close of US$0.7267 or US$1=C$1.3760.

The monthly value of building permits issued in Canada fell by 6.5 per cent in September compared to the previous month, coming in at C$11.2 billion, according to a report from Statistics Canada.

Crude oil saw a continuation of Tuesday’s selloff, as soft global economic data had market participants lowering their demand expectations. West Texas Intermediate was down by 2.38 per cent at US$75.53 per barrel.

The TSX Composite Index was weaker, losing 45.38 points to close at 19,530.21 points.

 

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-dn  $ 0.08    at $  2.26

Linamar Corp.——————–dn  $ 0.27    at $ 63.24

Maple Leaf Foods—————–up  $ 0.55    at $ 26.22

Nutrien Ltd.———————up  $ 0.35    at $ 73.40

Ritchie Bros Auctioneers Inc.—-dn  $ 0.17    at $ 91.56

Farmers Edge Inc.—————-up  $ 0.005   at $  0.11

 

(All figures are in Canadian dollars.)

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