Canadian Financial Close: Loonie stands pat
Big drops in greenback, crude oil
By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar was virtually unchanged on Monday, despite major movements in the United States dollar and crude oil.
The loonie closed at US$0.7153 or US$1=C$1.3980 compared to Friday’s finish of US$0.7154 or US$1=1.3979. On the U.S. Dollar Index, the greenback lost 0.662 of a point at 106.845.
Benchmark crude oil prices fell on Monday on hopes of a ceasefire deal between Israel and Hezbollah.
Brent crude oil retreated US$2.04 at US$73.13 per barrel and West Texas Intermediate dropped US$2.16 at US$69.08.
The TSX Composite Index dipped 33.93 points on Monday to close at 25,410.35.
Gold plummeted US$83.60 at US$2,628.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.88 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 1.56 at $ 63.41 Maple Leaf Foods up $ 0.72 at $ 23.34 Nutrien Ltd. dn $ 0.16 at $ 65.45 RB Global Inc. up $ 0.86 at $137.55
(All figures are in Canadian dollars)
