By MarketsFarm
WINNIPEG, July 17 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, amid concerns over the worsening COVID-19 outbreak in the United States.
The Canadian dollar closed at US$0.7367 or US$1=C$1.3574, which compares with Thursday’s North American close of US$0.7384 or US$1=C$1.3543.
Canadian wholesale sales increased by 5.7 per cent in May to hit C$52.6 billion, according to a report from Statistics Canada. Six of seven subsectors were up on the month as the economy started to show some recovery after dropping 21.4 per cent the previous month due to the pandemic.
West Texas Intermediate crude oil was down by about 0.4 per cent, at US$40.58 per barrel.
The TSX Composite Index was stronger, gaining 98.98 points, or 0.62 per cent, to close at 16,123.48 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.04 at $ 2.59
Linamar Corp.——————–up $ 0.13 at $ 38.49
Maple Leaf Foods—————–dn $ 0.40 at $ 27.66
Nutrien Ltd.———————dn $ 0.22 at $ 45.07
Ritchie Bros Auctioneers Inc.—-up $ 0.13 at $ 57.74
Rocky Mountain Dealerships Inc.–up $ 0.19 at $ 4.22
(All figures are in Canadian dollars.)
