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Canadian Financial Close: C$ weakens as USD strengthens

By Commodity News Service Canada

WINNIPEG, Feb. 11 (CNS Canada) – The Canadian dollar was slightly weaker on Monday, with broad-based strength in the United States dollar internationally behind some of the relative weakness.
The Canadian dollar closed at US$0.7522 or US$1=C$1.3294, which compares with Friday’s close of US$0.7536, or US$1=C$1.3270.
The U.S. dollar strengthened amid increased optimism over trade relations with China, as the two countries hold negotiations in Beijing this week.
Losses in crude oil also weighed on the energy-linked currency.
The S&P/TSX Composite Index was weaker on Monday. The index lost 64.48 points, or 0.41 per cent, to close at 15,568.85 points.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients———unchanged at $ 17.86
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–up $ 0.28 at $ 48.41
Maple Leaf Foods—————–dn $ 0.37 at $ 29.35
Nutrien Ltd.———————dn $ 0.51 at $ 69.33
Ritchie Bros Auctioneers Inc.—-dn $ 0.04 at $ 48.11
Rocky Mountain Dealerships Inc.–dn $ 0.09 at $ 8.09

(All figures are in Canadian dollars.)


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