Canadian Financial Close: C$ steady Monday

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar held steady relative to its United States counterpart on Monday, with positioning ahead of U.S. inflation data out on Wednesday behind some of the activity.

The Canadian dollar settled at US$0.7314 or US$1=C$1.3672 on Friday, which compares with Friday’s close of US$0.7318 or US$1=C$1.3665.

The value of building permits issued in Canada decreased by 11.7 per cent in March compared to the previous month, hitting C$10.5 billion, according to a report from Statistics Canada. The non-residential sector was down by 16.7 per cent at C$4.0 billion, while the residential sector decreased by 8.3 per cent at $6.5 billion.

West Texas Intermediate crude oil strengthened, moving up 1.21 per cent at US$79.21 per barrel.

The TSX Composite Index was down by 49.76 points to close at 22,259.17 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.17

Linamar Corp.——————–up  $ 0.96    at $ 71.83

Maple Leaf Foods—————–up  $ 0.23    at $ 23.86

Nutrien Ltd.———————dn  $ 1.59    at $ 77.88

RB Global Inc.——————-up  $ 1.20    at $105.73

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

(All figures are in Canadian dollars.)