Canadian Financial Close: Little change in loonie due to vaccine hopes

By MarketsFarm

WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar was relatively steady on Monday, as hopes for a COVID-19 vaccine spurred the equities markets.

The Canadian dollar finished at US$0.7590 or US$1=C$1.3175, compared to Friday when it closed at US$0.7584 or US$1=C$1.3186.

Benchmark crude oil prices were steady to lower on Monday, as projections for waning global demand were countered by the threat posed by Hurricane Sally to oil production facilities in the Gulf Mexico.

Brent crude oil lost 17 cents at US$39.66 per barrel. West Texas Intermediate (WTI) crude oil slipped three cents at US$37.30 per barrel. Meanwhile, Western Canadian Select (WCS) crude oil was nudged lower also by three cents at US$29.35 per barrel.

The TSX Composite Index was up 137.69 on Monday, to finish at 16,306.14 points.

Gold was up US$16.11 at US$1,956.65 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries unchanged at $ 2.55
Linamar Corp. up $ 0.62 at $ 40.21
Maple Leaf Foods dn $ 0.08 at $ 27.99
Nutrien Ltd. up $ 0.03 at $ 52.40
Ritchie Bros Auctioneers Inc. up $ 0.74 at $ 75.96
Rocky Mountain Dealerships Inc. dn $ 0.03 at $ 5.51
(All figures are in Canadian dollars.)

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