Canadian Financial Close: C$ softens

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar was slightly softer on Monday as currency traders adjusted positions ahead of updated inflation data from the United States set for release on Tuesday.

The Canadian dollar settled at US$0.7412 or US$1=C$1.3491 on Monday, which compares with Friday’s close of US$0.7423 or US$1=C$1.3471.

Crude oil held near unchanged, as concerns over Chinese economic growth were countered by the ongoing geopolitical issues in the Middle East. West Texas Intermediate crude oil was up by 0.12 per cent at US$78.10 per barrel.

The TSX Composite Index increased by 31.69 points to close at 21,769.22 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.16

Linamar Corp.——————–up  $ 0.14    at $ 70.01

Maple Leaf Foods—————–up  $ 0.18    at $ 23.16

Nutrien Ltd.———————up  $ 0.41    at $ 71.78

RB Global Inc.——————-dn  $ 0.31    at $101.68

Farmers Edge Inc.—————-    $ 0.00    at $  0.345

(All figures are in Canadian dollars.)