Canadian Financial Close: Loonie moves upwards

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Published: August 21, 2023

WINNIPEG – The Canadian dollar made a slight gain to begin the week.

The loonie closed at US$0.7384 or US$1=C$1.3543 on Monday, compared to US$0.7379 or US$1=C$1.3552 on Friday. The United States Dollar Index was down 0.02 of a point at 103.35.

Crude oil was lower due to demand risk in China and the U.S.

Brent crude oil was down US$0.34/barrel at US$84.46. West Texas Intermediate (WTI) dropped US$0.39 at US$80.86/barrel.

The TSX/S&P Composite Index declined 33.52 points at 19,784.87.

Gold added US$7.10 at US$1,923.60 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      dn  $ 0.07     at $  2.48

Farmer’s Edge Inc.               dn  $ 0.01     at $  0.19

Linamar Corp.                    dn  $ 0.32     at $ 68.86

Maple Leaf Foods                 dn  $ 0.80     at $ 29.20

Nutrien Ltd.                     up  $ 0.36     at $ 83.63

Ritchie Bros Auctioneers Inc.    up  $ 0.68     at $ 77.37

(All figures are in Canadian dollars.)

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