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.)
