Compiled by MarketsFarm
WINNIPEG – The Canadian dollar was stronger on Monday, following supportive declines in the United States dollar.
The loonie closed at US$0.7283 or US$1=C$1.3730, compared to Friday’s close of US$0.7243 or US$1=C$1.3807. On the U.S. Dollar Index, the greenback plummeted 0.902 of a point at 103.250.
Benchmark crude oil prices were lower on Monday, but partially recovered from larger declines earlier in the day as the chaos from two U.S. bank failures receded.
Brent crude oil retreated US$2.25 at US$80.53 per barrel and West Texas Intermediate (WTI) dropped US$2.12 at US$74.56. Western Canadian Select (WCS) lost US$2.82 at US$57.38.
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The TSX Composite Index gave up 186.02 points, or 0.94 per cent on Monday, closing at 19,588.90. On the U.S. markets, the S&P 500 was down 0.15 per cent at 3,855.76 points, the DOW pulled back 0.28 per cent at 31,819.14 and the NASDAQ bumped up 0.45 per cent at 11,188.84.
Gold surged ahead US$50.10 at US$1,917.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.02 at $ 2.52 Farmers Edge Inc. up $ 0.02 at $ 0.26 Linamar Corp. dn $ 2.36 at $ 62.80 Maple Leaf Foods dn $ 0.30 at $ 23.20 Nutrien Ltd. dn $ 3.18 at $101.68 Ritchie Bros Auctioneers Inc. dn $ 2.94 at $ 74.78
(All figures are in Canadian dollars.)
