Canadian Financial Close: Loonie weaker ahead of weekend

By MarketsFarm

WINNIPEG, Aug. 14 (MarketsFarm) – The Canadian dollar was slightly lower on Friday, due to continued economic uncertainty posed by the COVID-19 pandemic.

The dollar finished the day at US$0.7547 or US$1=C$1.3250, compared to Thursday when it closed at US$0.7566 or US$1=C$1.3212.

Global stock indices showed mixed performances following United States Congress breaking for a recess without passing another economic stimulus package, potentially dashing hopes of economic recovery.

The TSX Composite Index lost 15.45 points to close at 16,514.61.

Benchmark crude oil prices were weaker on Thursday. West Texas Intermediate (WTI) was down six cents to close at US$42.18. Brent Crude was down four cents at US$44.92.

Canada’s agricultural sector fared as follows:

Buhler Int.  dn $ 0.10     at $  2.47
Linamar Corp.                    up  $ 0.47     at $ 42.50
Maple Leaf Foods                 unchanged      at $ 29.60
Nutrien Ltd.                     dn  $ 0.13     at $ 50.93
Ritchie Bros Auctioneers Inc.    up  $ 0.96     at $ 82.50
Rocky Mountain Dealerships Inc.  up $ 0.06     at $  4.91

(All figures are in Canadian dollars.)

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