Canadian Financial Close: Loonie steady, oil mixed

Source: Canadian Cattlemen

WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar held mostly steady on Monday, but still remained slightly below the US$0.80 mark.

The loonie finished at US$0.7992 or US$1=C$1.2513, compared to Friday’s close of US$0.7996 or US$1=C$1.2506. On the U.S. Dollar Index, the greenback dropped by 0.13 at 91.79 points.

Benchmark crude oil prices were mixed on Monday. Brent crude oil fell by US$0.21 per barrel to US$64.32. West Texas Intermediate (WTI) crude oil moved up by US$0.13 at US$61.55/barrel. Western Canadian Select (WCS) crude oil lost $0.22 to US$50.86/barrel.

Unlike the Dow Jones, S&P 500 and Nasdaq, the TSX Composite Index declined on Monday, retreating by 38.88 points at 18,815.13. This was despite Canadian Pacific Railway announcing its US$25 billion purchase of Kansas City Southern on Sunday.

Gold fell slightly by US$5.89 to US$1,739.23 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries unchanged at $ 3.39
Linamar Corp. dn $ 0.94 at $ 78.76
Maple Leaf Foods up $ 0.30 at $ 28.76
Nutrien Ltd. dn $ 1.20 at $ 70.17
Ritchie Bros Auctioneers Inc. dn $ 0.09 at $ 71.16

(All figures are in Canadian dollars.)