Compiled by MarketsFarm
WINNIPEG, Aug. 14 (MarketsFarm) – The Canadian dollar slipped on Monday, due to gains in the United States dollar and small losses in crude oil prices.
The loonie closed at US$0.7429 or US$1=C$1.3461, compared to Friday’s finish of US$0.7439 or US$1=C$1.3443. On the U.S. Dollar Index, the greenback added 0.331 of a point at 103.020.
Benchmark crude oil prices eased back on Monday due to ongoing weakness in China’s economy and those increases in the U.S. dollar.
Brent crude oil shed 52 cents at US$86.29 per barrel, and West Texas Intermediate lost 61 cents at US$82.58. Meanwhile, Western Canadian Select was down US$1.20 at US$66.41.
The TSX Composite Index fell 107.03 points on Monday to close at 20,290.54.
Gold gave up US$6.80 at US$1,939.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.28 Farmers Edge Inc. dn $ 0.025 at $ 0.195 Linamar Corp. dn $ 0.42 at $ 70.29 Maple Leaf Foods up $ 0.04 at $ 29.94 Nutrien Ltd. dn $ 3.49 at $ 85.95 Ritchie Bros Auctioneers Inc. up $ 0.25 at $ 78.27
(All figures are in Canadian dollars)
