By MarketsFarm
WINNIPEG, April 8 (MarketsFarm) – The Canadian dollar was up at market close on Monday, following increases in crude oil prices.
The dollar finished Monday at US$0.7505 or US$1=C$1.3325, which compares with Friday’s close of US$0.7470 or C$1.3386.
Benchmark oil prices were stronger on Monday as OPEC/Russia supply cuts could be extended into May, according to Reuters. Brent crude oil gained 76 cents to close at US$71.10 per barrel. West Texas Intermediate crude oil rose by US$1.37 to close at US$64.45 per barrel.
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The Toronto Stock Exchange gained 11.14 points on Monday to finish at 16,407.29 points. As with the loonie, the TSX rose on the strength of crude oil prices.
Markets in the United States were mixed on Monday. The S&P500 was up by 3.03 points to 2,895.77. The NASDAQ increased by 15.19 points to 7,953.88. The Dow Jones slipped by 83.97 points to close at 26,341.02.
Gold was up US$6.30 on Friday to US$1,298.90 per ounce.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients up $ 0.02 at $ 17.96
Buhler Industries unchanged at $ 3.57
Linamar Corp. up $ 0.08 at $ 50.70
Maple Leaf Foods dn $ 0.42 at $ 27.10
Nutrien Ltd. dn $ 0.49 at $ 72.03
Ritchie Bros Auctioneers Inc. dn $ 0.28 at $ 45.60
Rocky Mountain Dealerships Inc. up $ 0.14 at $ 9.35
(All figures are in Canadian dollars.)
