WINNIPEG, June 26 (MarketsFarm) – The Canadian dollar was weaker on Friday, seeing a continuation of the selling pressure that weighed on the currency earlier in the week.
The Canadian dollar closed at US$0.7312 or US$1=C$1.3676, which compares with Thursday’s North American close of US$0.7329 or US$1=C$1.3645.
Losses in crude oil amid renewed concerns over COVID-19 pandemic, especially in the United States, contributed to the softer tone in the Canadian dollar.
West Texas Intermediate crude oil was down 1.3 per cent at US$38.20 per barrel.
The TSX Composite Index was weaker, losing 257.16 points, or 1.66 per cent, to close at 15,188.98 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.51
Linamar Corp.——————–dn $ 1.26 at $ 37.31
Maple Leaf Foods—————–up $ 0.08 at $ 28.53
Nutrien Ltd.———————dn $ 0.84 at $ 45.10
Ritchie Bros Auctioneers Inc.—-dn $ 0.25 at $ 54.08
Rocky Mountain Dealerships Inc.–dn $ 0.01 at $ 4.12
(All figures are in Canadian dollars.)