Canadian Financial Close: Loonie mostly unchanged

WINNIPEG – The Canadian dollar stayed mostly unchanged from the weekend.

The loonie closed at US$0.7345 or US$1=C$1.3615, down from US$0.7348 or US$1=C$1.3610 on Friday. The United States Dollar Index lost 0.20 of a point at 104.32.

Crude oil ended the day with gains after a downturn this morning following China’s announcement of more modest economic goals. Brent crude oil advanced US$0.45 per barrel to US$86.28. West Texas Intermediate (WTI) made US$0.87 at US$80.55/barrel. Western Canadian Select (WCS) added US$0.57/barrel to US$65.22.

The TSX/S&P Composite Index lost 66.78 points to 20,514.80, due to weakness in the energy and base metal sectors.

Gold was down US$2.80 at US$1,851.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      dn  $ 0.08     at $  2.41

Farmer’s Edge Inc.               up  $ 0.015    at $  0.265

Linamar Corp.                    up  $ 0.79     at $ 76.67

Maple Leaf Foods                 dn  $ 0.14     at $ 27.95

Nutrien Ltd.                     dn  $ 1.98     at $110.59

Ritchie Bros Auctioneers Inc.    up  $ 2.59     at $ 82.89

(All figures are in Canadian dollars.)

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