Canadian Financial Close: Loonie unchanged, crude oil declines

Glacier FarmMedia MarketsFarm – The Canadian dollar stayed put on Monday, hovering around month-long highs.

The loonie closed at US$0.7335 or US$1=C$1.3634.

The United States Dollar Index was up 0.15 of a point at 105.03.

Crude oil prices were lower on Monday as the market assesses the effect of Hurricane Beryl, which led ports and refineries along the Gulf of Mexico to close. Brent crude oil dropped US$0.85 at US$85.69 per barrel. West Texas Intermediate (WTI) fell US$0.88 at US$82.28/barrel.

The TSX/S&P Composite Index jumped 67.10 points at 22,126.23.

Gold plunged US$31.20 at US$2,366.50 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  $ 0.39     at $ 65.53

Maple Leaf Foods                 dn  $ 0.01     at $ 22.45

Nutrien Ltd.                     dn  $ 1.12     at $ 66.93

RB Global Inc.                   dn  $ 0.23     at $104.68

(All figures are in Canadian dollars.)