WINNIPEG – The Canadian dollar received a boost to start the week on Monday.
The loonie was at US$0.7881 or US$1=C$1.2688 on Monday, down from Friday’s close of US$0.7838 or US$1=C$1.2758. The United States Dollar Index was down 0.06 of a point to 95.42.
Benchmark crude oil prices came down on Monday after a high-rising rally during the previous week. The drop was attributed to progress made towards a new nuclear deal between the U.S. and Iran. Brent crude oil subtracted US$0.39 per barrel to US$92.88. West Texas Intermediate (WTI) crude oil dropped US$0.79 to US$91.52/barrel. Western Canadian Select (WCS) crude oil declined US$0.37 at US$77.99/barrel.
The TSX/S&P Composite Index shed 36.35 points to 21,235.50.
Gold rose US$14.20 per ounce to US$1,822.00.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 3.01
Farmer’s Edge Inc. unchanged at $ 2.48
Linamar Corp. dn $ 0.71 at $ 68.81
Maple Leaf Foods up $ 0.31 at $ 30.85
Nutrien Ltd. dn $ 0.41 at $ 91.97
Ritchie Bros Auctioneers Inc. dn $ 0.86 at $ 76.38
(All figures are in Canadian dollars.)
