Canadian Financial Close: Loonie falls back to start week

The Canadian dollar took a small drop on Monday.

The loonie closed at US$0.7319 or US$1=C$1.3664, compared to US$0.7338 or US$1=C$1.3628 on Friday. The United States Dollar Index increased 0.11 of a point at 104.20.

Crude oil prices were lower as demand weakened after the Independence Day holiday in the U.S., as well as the release of middling economic data from China. Brent crude oil declined US$0.18 at US$84.85 per barrel. West Texas Intermediate (WTI) dipped US$0.30 at US$81.91/barrel.

The TSX/S&P Composite Index hit another all-time high close, gaining 78.16 points at 22,751.68.

Gold advanced US$6.40 at US$2,427.10 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.02

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.71     at $ 67.84

Maple Leaf Foods                 dn  $ 0.08     at $ 24.43

Nutrien Ltd.                     up  $ 0.59     at $ 68.37

RB Global Inc.                   up  $ 0.89     at $109.15

(All figures are in Canadian dollars.)