By MarketsFarm
WINNIPEG, Aug. 5 (MarketsFarm) – The Canadian dollar was stronger on Thursday, underpinned by improving trade data.
The Canadian dollar settled at US$0.8002 or US$1=C$1.2497 on Thursday, which compares with Wednesday’s North American close of US$0.7971 or US$1=C$1.2545.
The value of Canadian exports jumped up by 8.7 per cent in June to hit a record of C$53.8 billion, according to a report from Statistics Canada. The country’s trade balance moved from a deficit to a surplus of C$3.2 billion.
Crude oil was stronger on the day, with West Texas Intermediate up by 1.50 per cent at US$69.17 per barrel.
The TSX Composite Index was stronger, up 45.75 points, or 0.23 per cent, to close at 20,375.48 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.08
Linamar Corp.——————–up $ 0.26 at $ 73.48
Maple Leaf Foods—————–up $ 1.72 at $ 26.07
Nutrien Ltd.———————up $ 0.06 at $ 72.51
Ritchie Bros Auctioneers Inc.—-up $ 1.21 at $ 74.50
Farmers Edge Inc.—————-up $ 0.24 at $ 9.14
(All figures are in Canadian dollars.)
