WINNIPEG – The Canadian dollar regained Friday’s losses and then some on Monday, rising above the 80 United States cent mark.
The loonie closed at US$0.8006 or US$1=C$1.2490, up from Friday’s close of US$0.7992 or US$1=C$1.2512. The U.S. Dollar Index was up 0.38 of a point at 99.02.
Crude oil prices rallied on Monday as the European Union considers additional sanctions against Russia for alleged war crimes in Ukraine. Brent crude oil jumped US$3.53 per barrel to US$107.92. West Texas Intermediate (WTI) crude oil spiked US$4.32 to US$103.59/barrel. Western Canadian Select (WCS) advanced US$3.46 to US$91.52.
The TSX/S&P Composite Index climbed 132.65 points to 22,085.60.
Gold added US$11.80 per ounce to US$1,935.50.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.04 at $ 2.60
Farmer’s Edge Inc. dn $ 0.04 at $ 3.14
Linamar Corp. up $ 0.54 at $ 54.24
Maple Leaf Foods up $ 0.22 at $ 30.44
Nutrien Ltd. dn $ 1.47 at $128.33
Ritchie Bros Auctioneers Inc. up $ 1.00 at $ 75.12
(All figures are in Canadian dollars.)
