By MarketsFarm
WINNIPEG, July 17 (MarketsFarm) – The Canadian dollar held within a narrow range on Monday, seeing some consolidation after retreating from nearby highs on Friday.
The Canadian dollar settled at US$0.7583 or US$1=C$1.3187 on Monday, which compares with Friday’s close of US$0.7586 or US$1=C$1.3183.
Foreign investment in Canadian securities came in at C$11.2 billion in May, down slightly from C$12.8 billion the previous month, according to a report from Statistics Canada. Meanwhile, Canadians reduced their holdings of foreign securities by C$2.8 billion, resulting in a net inflow of C$13.9 billion into the Canadian economy in May.
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Wholesale sales (excluding petroleum, petroleum products, other hydrocarbons, along with oilseeds and grain) increased by 3.5 per cent to hit C$83.6 billion in May, said StatCan. That marked the largest monthly gain since November 2021.
West Texas Intermediate was down by 1.66 per cent at US$74.17 per barrel.
The TSX Composite Index was softer, losing 35.28 points or 0.17 per cent to close at 20,226.79 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.18
Linamar Corp.——————–up $ 0.20 at $ 74.70
Maple Leaf Foods—————–dn $ 0.24 at $ 26.49
Nutrien Ltd.———————dn $ 0.16 at $ 79.94
Ritchie Bros Auctioneers Inc.—-up $ 0.61 at $ 81.52
Farmers Edge Inc.—————-up $ 0.04 at $ 0.22
(All figures are in Canadian dollars.)
