WINNIPEG – The Canadian dollar started the week with a small decline as crude oil prices took a hit.
The loonie closed at US$0.7482 or US$1=C$1.3366, compared to US$0.7496 or US$1=C$1.3341 on Friday. The United States Dollar Index moved up 0.06 of a point at 103.62.
Crude oil dropped on Monday after Goldman Sachs Group Inc. cut its crude oil price forecast down to US$86 per barrel by the end of the year. Brent crude oil fell US$2.92/barrel at US$71.87. West Texas Intermediate (WTI) lost US$3.01 at US$67.16/barrel.
The TSX/S&P Composite Index advanced 29.25 points to 19,921.31.
Gold was down US$4.80 at US$1,972.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.20 at $ 2.25
Farmer’s Edge Inc. dn $ 0.005 at $ 0.17
Linamar Corp. up $ 1.08 at $ 68.36
Maple Leaf Foods up $ 0.39 at $ 26.74
Nutrien Ltd. up $ 1.19 at $ 79.64
Ritchie Bros Auctioneers Inc. up $ 1.27 at $ 75.03
(All figures are in Canadian dollars.)
