WINNIPEG– The Canadian dollar made its way closer to the 80 cent United States mark on Monday.
The loonie was at US$0.7935 or US$1=C$1.2603 on Monday, compared to Friday’s close at US$0.7915 or US$1=C$1.2635. The U.S. Dollar Index was unchanged at 92.69 points.
Benchmark crude oil prices were up on Monday after Hurricane Ida slowed down production at refineries in the southern U.S. Brent crude oil increased US$0.56 per barrel to US$73.26. West Texas Intermediate (WTI) crude oil moved up US$0.29 to US$69.03/barrel. Western Canadian Select (WCS) crude oil advanced US$0.22 to US$56.59/barrel.
The TSX/S&P Composite Index lost 49.67 points to 20.594.97.
Gold fell US$7.27 per ounce to US$1,810.31.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.15 at $ 3.32
Farmer’s Edge Inc. dn $ 0.04 at $ 5.97
Linamar Corp. up $ 0.76 at $ 71.64
Maple Leaf Foods up $ 0.24 at $ 27.54
Nutrien Ltd. dn $ 0.47 at $ 76.84
Ritchie Bros Auctioneers Inc. up $ 0.50 at $ 79.48
(All figures are in Canadian dollars.)
