Canadian Financial Close: Loonie steady, crude oil rises

The Canadian dollar made little headway on Monday.

The loonie closed at US$0.7276 or US$1=C$1.3743, compared to US$0.7272 or US$1=C$1.3751 on Friday.

The United States Dollar Index declined 0.19 of a point at 105.36.

Crude oil prices jumped on Monday due to bullish economic data from China and speculation OPEC+ could delay adding more supply to the market. Brent crude oil rose US$1.73 at US$84.35 per barrel. West Texas Intermediate (WTI) surged US$1.96 at US$80.41/barrel.

The TSX/S&P Composite Index lost 51.22 points at 21,587.88.

Gold fell US$13.80 at US$2,335.30 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.05

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.27     at $ 67.42

Maple Leaf Foods                 dn  $ 0.53     at $ 22.57

Nutrien Ltd.                     dn  $ 0.72     at $ 69.60

RB Global Inc.                   up  $ 0.62     at $110.37

(All figures are in Canadian dollars.)