Canadian Financial Close: Loonie down by almost two-tenths

Greenback steady, crude oil down

By MarketsFarm

WINNIPEG, Jan. 18 (MarketsFarm) – The Canadian dollar was lower on Monday, as its United States counterpart remained steady while crude oil prices were down.

The dollar finished at US$0.7836 or US$1.2762, compared to Friday’s close of US$0.7857 or US$1=C$1.2727.

After the greenback traded a little higher earlier today, it settled at unchanged on the U.S. Dollar Index, at 90.754 points.
Benchmark crude oil prices were lower on Monday, due to concerns that COVID-19 cases around the world are still surging. However, a strong showing by China’s economy tempered those declines.

Brent crude oil dropped 33 cents at US$54.77 per barrel. West Texas Intermediate (WTI) crude oil was down 27 cents at US$52.09/barrel. Meanwhile, Western Canadian Select (WCS) crude oil lost US$1.13 at US$41.66/barrel.

The TSX Composite Index was up 35.85 points on Monday to finish at 17,944.88.

Gold rose US$6.90 at US$1,836.80 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries unchanged at $ 2.73
Linamar Corp. up $ 0.06 at $ 72.65
Maple Leaf Foods up $ 0.08 at $ 26.15
Nutrien Ltd. dn $ 0.31 at $ 67.96
Ritchie Bros Auctioneers Inc. up $ 0.79 at $ 77.75
Rocky Mountain Dealerships Inc. unchanged at $ 7.40
(All figures are in Canadian dollars.)

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