Compiled by MarketsFarm
WINNIPEG, Feb. 6 (MarketsFarm) – The Canadian dollar lost ground to its United States counterpart on Monday, although declines were tempered by upticks in crude oil prices.
The loonie closed at US$0.7439 or US$1=C$1.3442, compared to Friday’s close of US$0.7468 or US$1=C$1.3391. On the U.S. Dollar Index, the greenback increased 0.755 of a point at 103.510.
Benchmark crude oil prices were higher on Monday after a pipeline leading to an oil export terminal in Turkey was shut down following a pair of major earthquakes in the region, and due to projections of increased demand from China.
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Brent crude oil advanced US$1.41 at US$81.35 per barrel and West Texas Intermediate (WTI) gained US$1.07 at US$74.46. Also, Western Canadian Select (WCS) jumped C$2.88 at US$53.65.
The TSX Composite Index finished Monday with a loss of 129.42 points at 20,628.92.
Gold tacked on US$4.40 at US$1,881.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.02 at $ 2.03 Farmers Edge Inc. dn $ 0.01 at $ 0.255 Linamar Corp. dn $ 0.78 at $ 73.34 Maple Leaf Foods dn $ 0.66 at $ 26.05 Nutrien Ltd. up $ 0.02 at $111.19 Ritchie Bros Auctioneers Inc. dn $ 0.31 at $ 83.20
(All figures are in Canadian dollars.)
