Canadian Financial Close: C$ weakens amid U.S. trade spat

By MarketsFarm

WINNIPEG, Aug. 7 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday as trade issues with the United States weighed on the currency.
The Canadian dollar closed at US$0.7476 or US$1=C$1.3377, which compares with Thursday’s North American close of US$0.7523 or US$1=C$1.3292.
Canada is threatening retaliatory measures after the U.S. announced it would place a 10 per cent tariff on Canadian aluminum imports.
Relatively favourable Canadian jobs data helped temper the influence of the looming trade war to some extent. Statistics Canada reported that 418,500 jobs were added in July, which came in well above trade estimates.
West Texas Intermediate crude oil was down by about 1.07 per cent, at US$41.50 per barrel.
The TSX Composite Index was weaker, losing 34.62 points, or 0.21 per cent, to close at 16,544.48 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————- $ 0.00 at $ 2.79
Linamar Corp.——————–up $ 0.38 at $ 42.49
Maple Leaf Foods—————–dn $ 0.47 at $ 28.60
Nutrien Ltd.———————up $ 0.59 at $ 47.45
Ritchie Bros Auctioneers Inc.—-up $ 9.54 at $ 74.64
Rocky Mountain Dealerships Inc.– $ 0.00 at $ 4.50

(All figures are in Canadian dollars.)

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