WINNIPEG – The Canadian dollar began the month of May on a positive note.
The loonie closed at US$0.7382 or US$1=C$1.3546 on Monday, compared to US$0.7365 or US$1=C$1.3578 on Friday. Many markets outside North America were closed due to the May Day holiday.
The United States Dollar Index rose 0.47 of a point at 102.13.
Crude oil eased off on Monday due to concerns over the Chinese economic recovery. Brent crude oil shed US$0.98 per barrel to US$79.35. Meanwhile, West Texas Intermediate (WTI) lost US$1.09 at US$75.69/barrel.
The TSX/S&P Composite Index dropped 21.44 points to close at 20,615.10.
Gold gave up US$10.10 at US$1,989.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.31
Farmer’s Edge Inc. unchanged at $ 0.185
Linamar Corp. up $ 0.70 at $ 65.10
Maple Leaf Foods dn $ 0.03 at $ 27.73
Nutrien Ltd. up $ 0.64 at $ 94.63
Ritchie Bros Auctioneers Inc. up $ 0.03 at $ 77.55
(All figures are in Canadian dollars.)
