WINNIPEG – The Canadian dollar slipped back on Monday amidst indications the Chinese economy is slowing down.
The loonie was at US$0.7956 or US$1=C$1.2569 on Monday, compared to Friday’s close at US$0.7991 or US$1=C$1.2514. The United States Dollar Index increased 0.10 of a point at 92.62.
Benchmark crude oil prices were declining on Monday. Brent crude oil slipped US$0.95 per barrel to US$69.64. West Texas Intermediate (WTI) crude oil dropped US$1.04 to US$67.40/barrel. Western Canadian Select (WCS) crude oil retreated US$0.58 to US$54.65/barrel.
The TSX/S&P Composite Index lost 34.65 points to 20.483.42.
Gold increased US$7.01 per ounce to US$1,786.76.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.99
Farmer’s Edge Inc. dn $ 0.02 at $ 4.40
Linamar Corp. dn $ 0.39 at $ 72.69
Maple Leaf Foods up $ 0.29 at $ 26.76
Nutrien Ltd. dn $ 1.37 at $ 78.26
Ritchie Bros Auctioneers Inc. up $ 2.20 at $ 79.20
(All figures are in Canadian dollars.)
