Compiled by MarketsFarm
WINNIPEG, July 24 (MarketsFarm) – The Canadian dollar gained almost a quarter cent on Monday, propelled by higher prices for crude oil. However, further gains were held back by strength in the United States dollar.
The loonie closed at US$0.7592 or US$1=C$1.3172, compared to Friday’s finish of US$0.7569 or US$1=C$1.3212. On the U.S. Dollar Index the greenback added 0.337 of a point at 101.135.
Benchmark crude oil prices were stronger on Monday, hitting a three-month high due to tighter global supplies and an outage at Exxon’s Baton Rouge refinery.
Brent crude oil climbed US$1.82 at US$82.89 per barrel, while West Texas Intermediate also advanced US$1.82 at US$78.89, and Western Canadian Select added US$1.57 at US$63.14.
The TSX Composite Index bumped up 34.61 points on Monday to close at 20,582.12.
Gold lost US$10.10 at US$1,956.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.10 Farmers Edge Inc. dn $ 0.02 at $ 0.195 Linamar Corp. up $ 0.20 at $ 75.27 Maple Leaf Foods up $ 0.44 at $ 27.69 Nutrien Ltd. up $ 2.27 at $ 87.22 Ritchie Bros Auctioneers Inc. dn $ 0.02 at $ 84.13
(All figures are in Canadian dollars)
