WINNIPEG – The Canadian dollar made gains on Monday to go along with those in the oil and stock markets.
The loonie was at US$0.7862 or US$1=C$1.2719 on Monday, up from Friday’s close of US$0.7830 or US$1=C$1.2772. Ontario and Quebec have begun to ease COVID-19 public health restrictions starting today, while Canadian Prime Minister Justin Trudeau announced he has tested positive for the virus, but is “feeling fine.”
The United States Dollar Index dropped 0.64 of a point to 96.63.
Benchmark crude oil prices continued their rallies on Monday. Brent crude oil jumped US$1.18 per barrel to US$91.21. West Texas Intermediate (WTI) crude oil surged US$1.53 to US$88.35/barrel. Western Canadian Select (WCS) crude oil increased US$1.17 at US$75.46/barrel.
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A volatile January for the TSX/S&P Composite Index ended with a large gain, climbing 356.54 points to 21,098.29.
Gold rose US$13.60 per ounce to US$1,800.20.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.01 at $ 3.06
Farmer’s Edge Inc. up $ 0.04 at $ 2.73
Linamar Corp. up $ 1.38 at $ 70.45
Maple Leaf Foods up $ 0.62 at $ 30.92
Nutrien Ltd. up $ 1.20 at $ 88.78
Ritchie Bros Auctioneers Inc. up $ 1.76 at $ 77.48
(All figures are in Canadian dollars.)
