By Markets Farm
WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar was up slightly at market close on Monday, on increases made by crude oil prices.
The dollar finished Monday at US$0.7455 or US$1=C$1.3414, which compares with Friday’s close of US$0.7450 or C$1.3422.
The Toronto Stock Exchange was up on the gains made by energy and material stocks. The TSX rose 110.03 points to finish Monday at 16,106.24 points.
The stock markets in the United States were up Monday on the strength of the technology sector. The Dow Jones jumped 200.64 points to end trading at 25,650.88 points. The NASDAQ rose 149.92 points to finish at 7,558.06 points. The S&P 500 increased 40.23 points to close at 2,783.30 points.
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Benchmark oil prices were up Monday with reports Saudi Arabia planning more production cuts. Brent crude oil gained 93 cents to close at US$66.67 per barrel. West Texas Intermediate crude oil was up 77 cents to close at US$56.84 per barrel.
Gold was down US$6.00 on Monday to US$1,293.30 per ounce.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients up $ 0.01 at $ 17.80
Buhler Industries unchanged at $ 3.61
Linamar Corp. up $ 0.28 at $ 50.78
Maple Leaf Foods up $ 0.01 at $ 27.40
Nutrien Ltd. up $ 0.73 at $ 71.53
Ritchie Bros Auctioneers Inc. dn $ 0.14 at $ 45.23
Rocky Mountain Dealerships Inc. up $ 0.03 at $ 8.73
(All figures are in Canadian dollars.)
