WINNIPEG – The Canadian dollar was mostly unchanged from its exchange rate prior to the weekend.
The loonie closed at US$0.7526 or US$1=C$1.3288 on Monday, down from US$0.7527 or US$1=C$1.3285 on Friday.
The United States Dollar Index declined 0.15 of a point to 109.62. The U.S. Federal Reserve is expected to raise its key interest rate on Sept. 21.
Crude oil prices were slightly higher on Monday due to a weakened U.S. dollar. Brent crude oil increased US$0.47 per barrel to US$91.82. West Texas Intermediate (WTI) crude oil added US$0.42 at US$85.53/barrel. Meanwhile, Western Canadian Select (WCS) was down US$0.02 per barrel to US$63.92.
The TSX/S&P Composite Index climbed 176.50 points to 19,562.38.
Gold added US$0.40 at US$1,683.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.11 at $ 2.07
Farmer’s Edge Inc. dn $ 0.06 at $ 0.81
Linamar Corp. up $ 1.53 at $ 65.22
Maple Leaf Foods dn $ 0.10 at $ 22.74
Nutrien Ltd. up $ 4.79 at $118.94
Ritchie Bros Auctioneers Inc. up $ 0.19 at $ 87.03
(All figures are in Canadian dollars.)
