Advertisement

Canadian Financial Close: Loonie starts week in retreat

| 1 min read

Glacier FarmMedia | MarketsFarm – The Canadian dollar took a small step back on Monday.

The loonie closed at US$0.7030 or US$1=C$1.4225, less than US$0.7039 or US$1=C$1.4207 on Friday. The United States Dollar Index added 0.09 of a point at 106.71.

Crude oil was higher on Monday as the market monitors progress towards a peace deal ending Russia’s invasion of Ukraine. Brent crude oil advanced US$0.38 at US$74.81 per barrel. West Texas Intermediate gained US$0.41 at US$70.81/barrel.

The TSX/S&P Composite Index added 4.23 points at 25,151.26.

Gold climbed $12.40 per ounce at US$2,965.60.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  7.15

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.60     at $ 52.59

Maple Leaf Foods                 up  $ 0.44     at $ 22.22

Nutrien Ltd.                     dn  $ 0.50     at $ 74.32

RB Global Inc.                   up  $ 0.70     at $146.70

(All figures are in Canadian dollars.)