WINNIPEG – The Canadian dollar started the week with a big boost after a major pullback by the United States greenback.
The loonie closed at US$0.7283 or US$1=C$1.3730, up on Monday, up from US$0.7217 or US$1=C$1.3856 on Friday. The United States Dollar Index fell 1.16 points to 112.15, its lowest level since Oct. 5.
Crude oil prices were mixed on Monday. Brent crude oil increased US$0.09 per barrel to US$91.72. Meanwhile, West Texas Intermediate (WTI) crude oil declined US$0.08 at US$85.53/barrel. Western Canadian Select (WCS) dropped US$0.61 per barrel to US$55.63.
The TSX/S&P Composite Index made big gains on Monday, rising 294.67 points at 18,621.02.
Gold added US$5.90 at US$1,654.80 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.01
Farmer’s Edge Inc. unchanged at $ 0.50
Linamar Corp. up $ 0.74 at $ 57.48
Maple Leaf Foods dn $ 0.18 at $ 20.89
Nutrien Ltd. up $ 1.14 at $109.34
Ritchie Bros Auctioneers Inc. up $ 2.05 at $ 87.33
(All figures are in Canadian dollars.)
