By Commodity News Service Canada
WINNIPEG, Aug 13 (CNS) – The Canadian dollar closed lower
Monday, as the impact of the Turkey currency crisis continued to
drag world markets down.
The Canadian dollar settled Monday at US$0.7613 or
C$1.3136, compared to Friday’s North American close of US$0.7626
or C$1.3113.
Markets around the world slid as Turkey’s worsening
currency crisis pulled them down. The Turkish lira has dropped
over worries of President Tayyip Erdogan’s increasing control on
the economy and crumbling relations with the United States.
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Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was stronger Wednesday morning, finding some support from advances in crude oil. At 9:23…
Oil prices fell Monday, after new data hinted that
inventories at the U.S. crude delivery hub rose during the last
week. Brent crude futures dropped 20 cents to US$72.61 per
barrel. U.S West Texas Intermediate crude lost 43 cents to
settle at US$67.20 per barrel.
In Toronto, the S&P/TSX Composite closed lower Friday,
losing 75.76 points, or 0.46 per cent, to settle at 16,250.75.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.10 at $ 18.30
Buhler Industries—————-unchanged at $ 3.62
Linamar Crop.——————–up $ 0.05 at $ 54.15
Maple Leaf Foods—————–up $ 0.02 at $ 30.50
Nutrien Ltd.———————dn $ 1.25 at $ 73.55
Ritchie Bros Auctioneers Inc.—-up $ 0.14 at $ 49.48
Rocky Mountain Dealerships Inc.–dn $ 0.24 at $ 10.55
(All figures are in Canadian dollars.)
