By MarketsFarm
WINNIPEG, July 29 (MarketsFarm) – The Canadian dollar was higher at market close on Monday, as it continued to hover around the 76 U.S. cent mark.
The loonie finished the day at US$0.7599 or US$1=C$1.3159, which compares with Friday’s close of US$0.7586 or C$1.3182.
Benchmark oil prices were stronger Monday, on the likelihood of the United States Federal Reserve lowering its primary interest rate on Wednesday.
Brent crude oil was up 39 cents to close at US$63.85 per barrel. West Texas Intermediate (WTI) crude oil gained 81 cents to close at US$57.01 per barrel.
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As of last Friday, Western Canadian Select (WCS) crude oil was up 61 cents at US$42.18 per barrel. On July 26, the WCS/WTI price differential narrowed 25 cents at US$14.02 per barrel.
The TSX/S&P Composite Index was down 38.97 points to close at 16,492.17 points.
Gold was up US$6.80 on Monday to close at US$1,426.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.88
Linamar Corp. up $ 0.08 at $ 45.46
Maple Leaf Foods up $ 0.08 at $ 30.84
Nutrien Ltd. dn $ 0.39 at $ 66.55
Ritchie Bros Auctioneers Inc. up $ 0.22 at $ 46.79
Rocky Mountain Dealerships Inc. dn $ 0.07 at $ 7.43
(All figures are in Canadian dollars.)
