Canadian Financial Close: C$ steady Monday

By Phil Franz-Warkentin

Glacier FarmMedia | MarketsFarm–The Canadian dollar held steady on Monday, lacking any clear direction.

The Canadian dollar settled at US$0.7357 or US$1=C$1.3593 on Monday, which compares with Friday’s close of US$0.7361 or US$1=C$1.3586.

Canadian home sales were up by 1.3 per cent in August compared to the previous month but still down by 2.1 per cent on an annual basis, according to updated data from the Canadian Real Estate Association.

Manufacturing sales in Canada rose by 1.4 per cent in July to hit C$71.0 billion, reported Statistics Canada. The petroleum and coal sector saw the largest increase, rising by 6.7 per cent. The Industrial Products Price Index was unchanged on the month while the Raw Materials Price Index rose 0.7 per cent.

Crude oil was stronger, with West Texas crude oil up by

1.83 per cent at US$70.48 per barrel.

The TSX Composite Index gained 133.42 points to close at 23,702.07 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.40

Linamar Corp.——————–up  $ 0.23    at $ 60.34

Maple Leaf Foods—————–up  $ 0.26    at $ 22.14

Nutrien Ltd.———————dn  $ 0.21    at $ 63.29

RB Global Inc.——————-    $ 0.00    at $115.66

Farmers Edge Inc.—————-    $ 0.00    at $  0.35

(All figures are in Canadian dollars.)