Canadian Financial Close: Little change in loonie
Upward movement in greenback, crude oil
By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Monday, easing back by a tiny amount.
The Canadian dollar closed at US$0.7385 or US$1=C$1.3541, compared to Friday’s finish of US$0.7389 or US$1=C$1.3533. On the U.S. Dollar Index, the greenback rose 0.186 of a point at 103.250.
Benchmark crude oil prices were higher on Monday, following improved economic growth in China and Ukraine’s attacks on Russian oil facilities.
Brent crude oil gained US$1.66 at US$87.00 per barrel and West Texas Intermediate was up US$1.91 at US$82.95.
Ahead of tomorrow’s report on inflation from Statistics Canada, economist projected in February will have risen to an annual rate of 3.1 per cent. The consumer price index for January was 2.9 per cent.
The TSX Composite Index dipped 11.97 points on Monday, closing at 21,837.18.
Gold tacked on US$1.80 at US$2,163.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.07 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. dn $ 0.55 at $ 69.70 Maple Leaf Foods up $ 0.09 at $ 23.53 Nutrien Ltd. up $ 0.04 at $ 72.85 RB Global Inc. dn $ 0.25 at $101.63
(All figures are in Canadian dollars)
