Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Feb. 14 (MarketsFarm) – The Canadian dollar stepped back a little more than two-tenths of a cent on Monday, as its United States counterpart strengthened. The decline was tempered by upticks in global crude oil prices.
The loonie closed at US$0.7851 or US$1=C$1.2738, compared to Friday’s close of US$0.7873 or US$1=C$1.2702.
On the U.S. Dollar Index, the greenback improved by 0.247 a point at 96.320.
Benchmark crude oil prices were higher on Monday, due to increasing tensions in the Russia-Ukraine border crisis.
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Brent crude oil gained US$1.62 at US$96.06 per barrel. West Texas Intermediate (WTI) crude oil rose US$1.96 at US$95.06 per barrel. Western Canadian Select (WCS) was up 42 cents at US$80.23 per barrel.
The TSX Composite Index closed with a loss of 196.33 points, or 0.91 per cent, on Monday finishing at 21,352.51.
Gold jumped US$32.50 at US$1,874.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.05 at $ 3.01
Farmers Edge Inc. dn $ 0.28 at $ 2.92
Linamar Corp. dn $ 0.44 at $ 67.93
Maple Leaf Foods dn $ 0.09 at $ 31.96
Nutrien Ltd. dn $ 3.78 at $ 93.43
Ritchie Bros Auctioneers Inc. dn $ 0.12 at $ 73.08
(All figures are in Canadian dollars.)
