By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar was virtually unchanged on Monday, as small shifts in the United States dollar and crude oil prices countered each other.
The loonie closed at US$0.7265 or US$1=C$1.3764, compared to Friday’s finish of US$0.7264 or US$1=C$1.3766. On the United States Dollar Index, the greenback tacked on 0.153 of a point at 105.985.
Benchmark crude oil prices steady to lower on Monday, despite heightened tensions in the Middle East following Iran’s missile and drone attack on Israel over the weekend.
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Brent crude oil dipped 10 cents at US$90.35 per barrel and West Texas Intermediate added one cent at US$85.67.
Statistics Canada reported February manufacturing sales of C$71.6 billion rose 0.7 per cent from January, while the wholesale trade (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) that month were unchanged at C$82.2 billion.
The TSX Composite Index lost 159.79 points on Monday, closing at 21,740.20.
Gold surged upward US$25.70 at US$2,399.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.29
Farmers Edge Inc. dn $ 0.005 at $ 0.345
Linamar Corp. dn $ 0.46 at $ 66.15
Maple Leaf Foods up $ 0.39 at $ 23.08
Nutrien Ltd. dn $ 0.73 at $ 72.19
RB Global Inc. up $ 0.05 at $100.70
(All figures are in Canadian dollars)
