By MarketsFarm
WINNIPEG, July 22 (MarketsFarm) – The Canadian dollar was slightly lower at market close on Monday.
The dollar finished the day at US$0.7632 or US$1=C$1.3103, which compares with Friday’s close of US$0.7651 or US$1=C$1.3071.
Global stock performances were mixed, stoked higher thanks to strong performances in technology shares. Investors anticipate the United States Federal Reserve will cut interest rates by the end of the month.
The TSX Composite Index closed higher by 32.94 points at 16,518.88. The S&P 500 gained 8.41 to close at 2,985.02. Similarly, the Dow Jones gained 17.70 to finish at 27,171.90. The NASDAQ gained 57.65 to finish at 8,204.14.
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Benchmark oil prices were higher on Monday after Iran reportedly seized a British Oil tanker, which has caused concerns of a possible supply disruption among investors. Brent crude oil was up by US$1.02 cents to close at US$63.49 per barrel. West Texas Intermediate (WTI) crude oil gained 46 cents to close at US$56.09 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.01 at $ 3.19
Linamar Corp. dn $ 0.50 at $ 43.74
Maple Leaf Foods up $ 0.21 at $ 29.90
Nutrien Ltd. up $ 0.12 at $ 67.39
Ritchie Bros Auctioneers Inc. dn $ 0.66 at $ 46.57
Rocky Mountain Dealerships Inc. unch at $ 7.35
(All figures are in Canadian dollars.)
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