WINNIPEG – The Canadian dollar declined below the 74 United States cent mark to start the week.
The loonie closed at US$0.7390 or US$1=C$1.3532, down from US$0.7425 or US$1=C$1.3468 on Friday.
The United States Dollar Index jumped 0.77 of a point at 105.31.
Crude oil prices fell on Monday due to inflation fears, despite showing strength earlier this morning. Brent crude oil dropped US$2.57 per barrel to US$83.00. West Texas Intermediate (WTI) crude oil fell US$2.66 at US$77.32/barrel. Western Canadian Select (WCS) was down US$2.61/barrel to US$49.05.
The TSX/S&P Composite Index plunged 243.30 points to 20,242.26.
Gold tumbled US$28.80 at US$1,780.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 1.83
Farmer’s Edge Inc. up $ 0.04 at $ 0.33
Linamar Corp. dn $ 2.22 at $ 63.90
Maple Leaf Foods dn $ 0.94 at $ 24.45
Nutrien Ltd. dn $ 0.05 at $106.95
Ritchie Bros Auctioneers Inc. up $ 1.58 at $ 74.93
(All figures are in Canadian dollars.)
