By MarketsFarm
WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, with investors said to be showing some caution ahead of an interest rate announcement from the United States Federal Reserve on Wednesday.
General expectations are for the Fed to raise rates by 25 basis points, with the accompanying statement to be followed closely for signs of future monetary policy.
The Canadian dollar settled at US$0.7487 or US$1=C$1.3356 on Monday, which compares with Friday’s close of US$0.7511 or US$1=C$1.3314.
West Texas Intermediate crude oil was down by 2.5 per cent at US$77.70 per barrel.
The TSX Composite Index was weaker, down 142.37 points or 0.69 per cent late in the day at 20,572.11 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.10
Linamar Corp.——————–dn $ 0.47 at $ 66.28
Maple Leaf Foods—————–dn $ 0.39 at $ 25.25
Nutrien Ltd.———————dn $ 0.90 at $106.66
Ritchie Bros Auctioneers Inc.—-up $ 1.00 at $ 79.45
Farmers Edge Inc.—————-up $ 0.005 at $ 0.260
(All figures are in Canadian dollars.)
