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Canadian Financial Close: Loonie rises with natural gas

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Published: July 30, 2018

By Commodity News Service Canada

WINNIPEG, July 30 (CNS) – The Canadian dollar chalked up
gains against its U.S. counterpart on Monday. The loonie took
strength from advances in crude oil prices and natural gas.
The loonie finished at US$0.7680 or C$1.3021, compared to
Friday’s North American close of US$0.7656 or C$1.3062.
Canadian government bonds dropped in value as traders
prepared for the release of GDP data from the Bank of Canada.
Monetary policy meetings are also scheduled this week in Japan,
the U.S. and England, which also weighed on values.
The S&P/TSX Composite Index dropped 48.48 points, or 0.30%,
to 16,345.47.
Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.04 at $ 18.04
Buhler Industries————– $ 0.00 at $ 3.60
Maple Leaf Foods————-dn $ 0.90 at $ 31.05
Nutrien Ltd.—————–dn $ 0.89 at $ 69.39
Rocky Mountain Dealerships—up $ 0.06 at $ 11.90
Linamar Corp—————–dn $ 0.04 at $ 59.95
Ritchie Bros. Auctioneers—-dn $ 0.23 at $ 42.81

(All figures are in Canadian dollars.)

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