WINNIPEG, July 26 (MarketsFarm) – The Canadian dollar was stronger on Monday, with a weaker tone in the United States dollar ahead of a number of key earnings reports later in the week behind some of the relative strength.
The Canadian dollar closed at US$0.7969 or US$1=C$1.2549 on Monday, which compares with Friday’s North American close of US$0.7952 or US$1=C$1.2575.
A firm tone in crude oil was supportive for the energy-linked Canadian currency. West Texas Intermediate was up by 0.14 per cent at US$72.17 per barrel.
The TSX Composite Index was weaker, down 23.47 points, or 0.12 per cent, to close at 20,164.96 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.02 at $ 3.08
Linamar Corp.——————–up $ 0.57 at $ 72.89
Maple Leaf Foods—————–dn $ 0.13 at $ 24.79
Nutrien Ltd.———————up $ 0.25 at $ 74.53
Ritchie Bros Auctioneers Inc.—-dn $ 1.08 at $ 75.03
Farmers Edge Inc.—————-up $ 0.32 at $ 10.55
(All figures are in Canadian dollars.)