By MarketsFarm
WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was weaker on Thursday, as continued declines in crude oil weighed on the energy-linked currency.
The Canadian dollar closed at US$0.8033 or US$1=C$1.2449 on Thursday, which compares with Wednesday’s North American close of US$0.8053 or US$1=C$1.2417.
West Texas Intermediate crude oil was down by 2.02 per cent, at US$79.23 per barrel.
Canada’s Office of the Superintendent of Financial Institutions (OSFI) announced Thursday that it was lifting measures in place since the start of the COVID-19 pandemic in March 2020 that had placed restrictions on banks and insurers. Canadian financial institutions can now resume dividend increases and share buybacks, and also raise executive pay. Shares for Canada’s major banks rose following the news.
The TSX Composite Index was up by 77.03 points, or 0.36 per cent, to close at 21,342.13 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.21
Linamar Corp.——————–up $ 0.72 at $ 70.21
Maple Leaf Foods—————–up $ 3.18 at $ 30.62
Nutrien Ltd.———————dn $ 0.82 at $ 83.71
Ritchie Bros Auctioneers Inc.—-up $ 1.43 at $ 85.66
Farmers Edge Inc.—————-up $ 0.08 at $ 5.22
(All figures are in Canadian dollars.)
