Canadian Financial Close: C$ weakens with crude oil

By MarketsFarm

WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar weakened slightly relative to its United States counterpart on Monday, with losses in crude oil countered by gains in U.S. equities.
The Canadian dollar closed at US$0.7811 or US$1=C$1.2803 on Tuesday, which compares with Monday’s North American close of US$0.7827 or US$1=C$1.2777.
Renewed lockdown measures in China raised concerns over energy demand from the country, which weighed heavily on crude oil.
West Texas Intermediate crude oil was down by 7.63 per cent, at US$95.15 per barrel.

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In domestic data, Canadian manufacturing sales were up by 0.6 per cent in January, according to a report from Statistics Canada.
House prices in the country were up by 20 per cent on an annual basis in February, hitting an average of C$816,720, according to a report from the Canadian Real Estate Association.
The TSX Composite Index was firmer, up 7.06 points, or 0.03 per cent, to close at 21,187.84 points.

Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.44
Linamar Corp.——————–up $ 1.79 at $ 53.47
Maple Leaf Foods—————–up $ 0.07 at $ 29.32
Nutrien Ltd.———————dn $ 2.69 at $124.43
Ritchie Bros Auctioneers Inc.—-up $ 0.74 at $ 73.72
Farmers Edge Inc.—————-dn $ 0.06 at $ 3.01

(All figures are in Canadian dollars.)