Canadian Financial Close: Only slight movement in loonie

Compiled by MarketsFarm

WINNIPEG, July 10 (MarketsFarm) – The Canadian dollar was relatively steady on Monday, nudging up a small amount in light of a weaker United States dollar.

The loonie closed at US$0.7528 or US$1=C$1.3284, compared to Friday’s finish of US$0.7523 or US$1=C$1.3293. On the U.S. Dollar Index the greenback was down 0.315 of a point at 101.635.

Benchmark crude oil prices were modestly lower on Monday, due to the sluggish economy China, but losses were limited by production cuts in Saudi Arabia and Russia.

Brent crude oil was down 63 cents at US$77.84 per barrel, while West Texas Intermediate (WTI) shed 67 cents at US$73.19, and Western Canadian Select (WCS) gave up 49 cents at US$61.88.

The TSX Composite Index eased back 8.59 points on Monday to close at 19,822.45.

Gold dipped US$1.90 at US$1,930.60 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries                unchanged      at $  2.10

Farmers Edge Inc.                unchanged      at $  0.18

Linamar Corp.                    up  $ 0.44     at $ 70.03

Maple Leaf Foods                 up  $ 0.40     at $ 26.12

Nutrien Ltd.                     dn  $ 2.01     at $ 78.85

Ritchie Bros Auctioneers Inc.    up  $ 1.18     at $ 79.44

(All figures are in Canadian dollars.)

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