By MarketsFarm
WINNIPEG, July 8 (MarketsFarm) – The Canadian dollar was slightly stronger at market close on Monday.
The dollar finished the day at US$0.7645 or US$1=C$1.3081, which compares with Friday’s close of US$0.7634 or US$1=C$1.3099.
Federal Reserve Chair Jerome Powell will testify before United States Congress on Wednesday, delivering his semi-annual Monetary Policy Report. Market participants will be keenly listening for indications of future monetary policy moves.
Global stock markets were muted following last week’s job report data from the U.S. Department of Labor. The TSX/S&P Composite Index was down by 79.04 points to finish at 16,462.95. The S&P 500 index was down 14.46 points to hit 2,975.95. Similarly, the Dow Jones Industrial dropped 115.98 points to close at 26,806.14. The NASDAQ also dropped 63.41 to 8,098.38.
Read Also
Canadian Financial Close: C$ ends steady Wednesday
Glacier FarmMedia — The Canadian dollar was steady on the day at Wednesday’s close, recovering from three-week lows relative to…
Benchmark oil prices steadied after a volatile week, following reports of slowing economic demand. Brent crude oil was down by 36 cents to close at US$63.87 per barrel. West Texas Intermediate (WTI) crude oil lost seven cents to close at US$57.44 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 3.91
Linamar Corp. dn $ 1.14 at $ 45.05
Maple Leaf Foods up $ 0.09 at $ 29.01
Nutrien Ltd. dn $ 1.27 at $ 68.66
Ritchie Bros Auctioneers Inc. dn $ 0.16 at $ 43.97
Rocky Mountain Dealerships Inc. up $ 0.08 at $ 7.80
(All figures are in Canadian dollars.)
END
