Canadian Financial Close: Loonie starts the week stronger

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Published: August 31, 2020

By MarketsFarm

WINNIPEG, Aug. 31 (MarketsFarm) – The Canadian dollar was stronger at Monday’s close, due to comparable weakness in the United States currency.

The dollar finished the day at US$0.7668 or US$1=C$1.3042, compared to Friday when it closed at US$0.7635 or US$1=C$1.3097.

The TSX Composite Index lost 191.35 points to close at 16,514.44.

Benchmark crude oil prices were slightly weaker. West Texas Intermediate (WTI) was down 13 cents to close at US$42.84. Brent Crude was down 22 cents at US$45.59.

Canada’s agricultural sector fared as follows:

Buhler Int.  dn  $ 0.08     at $ 2.59
Linamar Corp.                    dn  $ 1.11     at $ 42.01
Maple Leaf Foods                 dn $ 0.15     at $ 29.17
Nutrien Ltd.                     dn  $ 0.44     at $ 48.75
Ritchie Bros Auctioneers Inc.    dn  $ 1.89     at $ 78.21
Rocky Mountain Dealerships Inc.  dn $ 0.13     at $  5.88

(All figures are in Canadian dollars.)

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