By MarketsFarm
WINNIPEG, June 13 (MarketsFarm) – The Canadian dollar was weaker on Monday, seeing a continuation of last week’s losses relative to its United States counterpart.
The Canadian dollar closed at US$0.7777 or US$1=C$1.2859 on Monday, which compares with Friday’s North American close of US$0.7827 or US$1=C$1.2777.
Expectations for a U.S. interest rate hike later this week gave the U.S. dollar a boost at the expense of other currencies, including the Canadian dollar.
Losses in world equities were also bearish, although crude oil managed to post small gains.
West Texas Intermediate crude oil was up by 0.25 per cent, at US$120.92 per barrel.
The TSX Composite Index was weaker, down 532.26 points, or 2.63 per cent, to close at 19,742.56 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.40
Linamar Corp.——————–dn $ 1.18 at $ 55.07
Maple Leaf Foods—————–dn $ 0.41 at $ 26.31
Nutrien Ltd.———————dn $ 1.80 at $108.61
Ritchie Bros Auctioneers Inc.—-up $ 1.14 at $ 77.52
Farmers Edge Inc.—————-dn $ 0.15 at $ 1.84
(All figures are in Canadian dollars.)
