WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar pulled back on Monday as the United States dollar gained strength and crude oil was lower.
The loonie closed at US$0.7434 or US$1=C$1.3452, compared to Friday’s close of US$0.7471 or US$1=C$1.3385. On the U.S. Dollar Index, the greenback surged 0.899 of a point at 107.725.
Benchmark crude oil prices were slightly lower on Monday, as China’s demand waned due to COVID-19. Price recovered somewhat from steep declines when Saudi Arabia adamantly denied reports it was planning to expand its production next month.
Read Also
Canadian Financial Close: Loonie up as U.S. markets tumble
Glacier FarmMedia — The Canadian dollar regained some ground on Friday as its United States counterpart struggled. The loonie closed…
Brent crude oil eased back 32 cents at US$87.30 per barrel. West Texas Intermediate (WTI) crude oil slipped 35 cents at US$79.73/barrel. Western Canadian Select (WCS) lost 48 cents at US$52.74/barrel.
The TSX Composite Index closed relatively flat, dipping 3.78 points to finish Monday at 19,977.13.
Gold lost US$13.90 at US$1,740.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 1.85 Farmers Edge Inc. up $ 0.15 at $ 0.32 Linamar Corp. dn $ 0.13 at $ 64.91 Maple Leaf Foods up $ 0.21 at $ 24.17 Nutrien Ltd. dn $ 0.88 at $103.23 Ritchie Bros Auctioneers Inc. up $ 2.01 at $ 75.43
(All figures are in Canadian dollars.)
