Canadian Financial Close: C$ firm to start week

By MarketsFarm

WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar was stronger on Monday, seeing a recovery to start the week after hitting 10-day lows on Friday.
The Canadian dollar closed at US$0.7371 or US$1=C$1.3567, which compares with Friday’s North American close of US$0.7356 or US$1=C$1.3594.
Canada’s Industrial Product Price Index increased by 0.4 per cent in June after a 1.1 per cent increase the previous month, according to early flash estimates from Statistics Canada. The largest gains were in energy and petroleum products. Excluding those sectors, the IPP was down by 0.6 per cent on the month. The official numbers will be released on July 31.

The Bank of Canada is set to make its latest interest rate decision on Wednesday, and economists generally expect the key overnight rate will be kept at 0.25 per cent.
West Texas Intermediate crude oil was down 2.3 per cent at US$39.61 per barrel.
The TSX Composite Index was weaker, losing 74.41 points, or 0.47 per cent, to close at 15,639.41 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————- $ 0.00 at $ 2.47
Linamar Corp.——————–up $ 0.06 at $ 37.79
Maple Leaf Foods—————–dn $ 0.10 at $ 27.71
Nutrien Ltd.———————up $ 2.13 at $ 45.29
Ritchie Bros Auctioneers Inc.—-dn $ 0.06 at $ 56.20
Rocky Mountain Dealerships Inc.–dn $ 0.27 at $ 3.92

(All figures are in Canadian dollars.)


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