By MarketsFarm
WINNIPEG, March 14 (MarketsFarm) – The Canadian dollar was weaker on Monday, as losses in crude oil weighed on the energy-linked currency. Optimism over ceasefire talks between Russia and Ukraine accounted for some of the weakness in the oil market.
The Canadian dollar closed at US$0.7827 or US$1=C$1.2777 on Monday, which compares with Friday’s North American close of US$0.7862 or US$1=C$1.2720.
West Texas Intermediate crude oil was down by 6.72 per cent, at US$101.98 per barrel.
The TSX Composite Index was weaker, down 281.056 points, or 1.31 per cent, to close at 21,180.78 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.44
Linamar Corp.——————–up $ 0.45 at $ 51.68
Maple Leaf Foods—————–up $ 0.37 at $ 29.25
Nutrien Ltd.———————dn $ 2.10 at $127.12
Ritchie Bros Auctioneers Inc.—-up $ 0.02 at $ 72.98
Farmers Edge Inc.—————-dn $ 0.05 at $ 3.07
(All figures are in Canadian dollars.)
