WINNIPEG – The Canadian dollar inched closer to the 75 United States cent mark on Monday.
The loonie closed at US$0.7495 or US$1=C$1.3343, up from US$0.7484 or US$1=C$1.3362 on Friday. The U.S. Dollar Index lost 0.35 of a point at 103.28.
Crude oil prices were lower as loadings at the Turkish port of Ceyhan resumed on Sunday, one week after a devastating earthquake caused a major supply disruption. Brent crude oil eased off US$0.46 per barrel to US$85.93. West Texas Intermediate (WTI) declined US$0.45 at US$79.27/barrel. Western Canadian Select (WCS) dipped US$0.14/barrel to US$60.99.
The TSX/S&P Composite Index added 90.11 points to 20,702.23.
Gold was down US$10.30 at US$1,864.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.01 at $ 2.25
Farmer’s Edge Inc. up $ 0.01 at $ 0.28
Linamar Corp. up $ 1.56 at $ 73.38
Maple Leaf Foods up $ 0.09 at $ 26.30
Nutrien Ltd. dn $ 2.02 at $104.84
Ritchie Bros Auctioneers Inc. up $ 1.47 at $ 85.62
(All figures are in Canadian dollars.)
