Canadian Financial Close: Canadian dollar steady

By MarketsFarm

WINNIPEG, Nov. 29 (MarketsFarm) – The Canadian dollar was steady to finish the week, as the United States Thanksgiving holiday subdued major financial markets.

The dollar finished the day at US$0.7525 or US$1=C$1.3289, compared to Thursday when it closed at US$0.7527 or US$1=C$1.3285.

Economic data from Statistics Canada indicated that the Canadian economy is slowing down slightly. Economic growth in the third quarter of 2019 totaled 1.3 per cent, which was slightly below expectations.

The TSX Composite Index closed higher by 3.03 points at 17,035.88. The S&P 500 gained 6.84 to close at 3,140.49. The Dow Jones was up by 55.15 to finish at 28,121.61. The NASDAQ was up 15.44 to finish at 8,647.93.

Benchmark oil prices were steady to lower due to prolonged concerns of global usage. Brent crude oil was unchanged from the previous day, closing at US$63.87 per barrel. West Texas Intermediate (WTI) crude oil was down by 2.69 to close at US$55.42 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 3.60
Linamar Corp. dn $ 0.24 at $ 44.66
Maple Leaf Foods dn $ 0.07 at $ 24.50
Nutrien Ltd. up $ 0.08 at $ 62.70
Ritchie Bros Auctioneers Inc. dn $ 0.22 at $ 57.62
Rocky Mountain Dealerships Inc. dn $ 0.05 at $ 6.40

(All figures are in Canadian dollars.)



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