By MarketsFarm
WINNIPEG, Sep. 26 (MarketsFarm) – The Canadian dollar was weaker on Monday, falling to its lowest level since May 2020 relative to its United States counterpart.
The Canadian dollar settled at US$0.7291 or US$1=C$1.3716 on Monday, which compares with Friday’s close of US$0.7369 or US$1=C$1.3570.
Preliminary trade data for August showed that Canadian wholesale sales were up by 0.8 per cent during the month, although of the total farm products were down by 9.5 per cent. The official report will be released Oct. 14.
Crude oil continued its downward slide, with West Texas Intermediate crude oil down by 0.28 per cent at US$85.34 per barrel.
The TSX Composite Index was weaker, down 153.94 points or 0.83 per cent to close at 18,327.04 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 1.95
Linamar Corp.——————–up $ 1.68 at $ 61.00
Maple Leaf Foods—————–dn $ 0.42 at $ 20.29
Nutrien Ltd.———————dn $ 0.40 at $112.30
Ritchie Bros Auctioneers Inc.—-up $ 0.92 at $ 86.11
Farmers Edge Inc.—————-dn $ 0.05 at $ 0.70
(All figures are in Canadian dollars.)
