Compiled by MarketsFarm
WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar was a pinch softer on Monday, due to strength in the United States dollar and weakness in crude oil prices.
The loonie closed at US$0.7423 or US$1=C$1.3471, compared to Friday’s finish of US$0.7427 or US$1=C$1.3464. On the U.S. Dollar Index, the greenback added 0.390 of a point at 105.650.
Benchmark crude oil prices were narrowly mixed on Monday, after Russia eased its ban on fuel exports.
Brent crude oil gained 14 cents at US$93.41 per barrel, while West Texas Intermediate dipped nine cents at US$89.94, and Western Canadian Select gave up 24 cents at US$71.60.
The TSX Composite Index nudged up 20.64 points on Monday to close at 19,800.61.
Gold dropped US$10.70 at US$1,934.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.40 Farmers Edge Inc. dn $ 0.025 at $ 0.175 Linamar Corp. up $ 0.80 at $ 65.65 Maple Leaf Foods dn $ 0.48 at $ 26.65 Nutrien Ltd. up $ 0.34 at $ 83.93 Ritchie Bros Auctioneers Inc. up $ 0.49 at $ 85.29
(All figures are in Canadian dollars)
