By MarketsFarm
WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker on Thursday, but managed to settle off the five-week lows relative to its United States counterpart hit earlier in the session.
The Canadian dollar closed at US$0.7806 or US$1=C$1.2810, which compares with Wednesday’s North American close US$0.7828 or US$1=C$1.2775. The currency had dipped below the psychological 78 U.S. cent level at one point during the session.
West Texas Intermediate crude oil was down by 1.12 per cent, at US$52.26 per barrel.
The TSX Composite Index was stronger on the day, gaining 232.77 points, or 1.34 per cent, to close at 17,657.20 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.66
Linamar Corp.——————–up $ 0.44 at $ 67.48
Maple Leaf Foods—————–up $ 0.27 at $ 25.55
Nutrien Ltd.———————up $ 0.88 at $ 66.24
Ritchie Bros Auctioneers Inc.—-up $ 1.32 at $ 77.65
(All figures are in Canadian dollars.)
