By MarketsFarm
WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar was up slightly at market close on Monday, despite moderate losses on the TSX and with crude oil prices.
The dollar finished the day at US$0.7537 or US$1=C$1.3167, which compares Friday’s close of US$0.7528 or C$1.3283.
The TSX/S&P Composite Index was down 14.70 points on Monday to finish at 16,216.26, as losses on material stocks overshadowed optimism from the United States and Mexico reaching a deal on immigration and avoiding tariffs.
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Benchmark oil prices were down on Monday, as OPEC and Russia have yet to agree on extending their production cuts and the U.S./China trade war could trigger a global recession. Brent crude oil was down 97 cents to close at US$62.32 per barrel. West Texas Intermediate crude oil was down 66 cents to close at US$53.33 per barrel.
As of June 7, the price differential between WTI and Western Canadian Select crude oil increased 51 cents at US$13.99 per barrel. Also, the price of WCS was up 89 cents on Friday at US$40.00 per barrel.
Gold was down US$13.70 on Monday to close at US$1,332.40 per ounce.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients unchanged at $ 17.99
Buhler Industries unchanged at $ 3.62
Linamar Corp. up $ 1.03 at $ 45.09
Maple Leaf Foods up $ 0.19 at $ 30.90
Ritchie Bros Auctioneers Inc. up $ 0.51 at $ 46.00
Rocky Mountain Dealerships Inc. dn $ 0.20 at $ 8.48
(All figures are in Canadian dollars.)
