By MarketsFarm
WINNIPEG, Sept. 24 (MarketsFarm) – The Canadian dollar was weaker on Thursday, retreating from earlier gains amid ongoing concerns over a second wave of COVID-19.
The Canadian dollar closed at US$0.7477 or US$1=C$1.3374, which compares with Wednesday’s North American close of US$0.7486 or US$1=C$1.3358.
Canada’s minority-Liberal government announced plans to increase pandemic spending, including a new proposal for a weekly payout to unemployed Canadians just as previous income supports are set to expire. The Liberals need the support of at least one opposition party to prevent losing a confidence vote in Parliament. The new funding is expected to bring the NDP to the Liberals side in the upcoming vote.
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The TSX Composite Index was stronger, up 95.15 points, or 0.60 per cent, to close at 15,912.26 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.39
Linamar Corp.——————–up $ 0.25 at $ 38.03
Maple Leaf Foods—————–up $ 0.01 at $ 26.98
Nutrien Ltd.———————up $ 0.26 at $ 53.13
Ritchie Bros Auctioneers Inc.—-up $ 0.38 at $ 75.79
Rocky Mountain Dealerships Inc.–dn $ 0.15 at $ 5.47
(All figures are in Canadian dollars.)
