By MarketsFarm
WINNIPEG, Oct. 11 (MarketsFarm) – The Canadian dollar was stronger on Friday, as solid domestic jobs data and improved global economic sentiment provided support.
The Canadian dollar closed at US$0.7577 or US$1=C$1.3198, which compares with Thursday’s close of US$0.7522, or US$1=C$1.3294.
The Canadian economy added 53,700 net jobs in September, taking the unemployment rate down to 5.5 per cent, according to a report from Statistics Canada. Expectations had been for much smaller jobs growth and for the unemployment rate to hold steady at 5.7 per cent.
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Optimism over trade talks underway between the United States and China was also supportive for the Canadian dollar ahead of the Canadian Thanksgiving long weekend.
The TSX Composite Index was slightly softer, losing 7.52 points, or 0.05 per cent, to close at 16,415.16 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.60
Linamar Corp.——————–up $ 1.26 at $ 40.40
Maple Leaf Foods—————–dn $ 0.42 at $ 28.81
Nutrien Ltd.———————up $ 1.08 at $ 67.20
Ritchie Bros Auctioneers Inc.—-dn $ 0.65 at $ 52.02
Rocky Mountain Dealerships Inc.–dn $ 0.16 at $ 6.94
(All figures are in Canadian dollars.)
