By MarketsFarm
WINNIPEG, April 22 (MarketsFarm) – The Canadian dollar was up slightly on Monday, amid spiking oil prices and mixed stock index performances.
The Canadian dollar closed at US$.7489 or US$1=C$1.3353, up from Thursday’s close of US$.7473 or US$1=C$1.3382.
The S&P/TSX Composite Index lost 35.53 points to close at 16,577.28.
The NASDAQ closed up, gaining 17.21 at 8,015.27 points. Conversely, The Dow Jones lost 48.49 points to close at 26,511.05. The S&P 500 Index was up by 2.94 points, closing at 2,907.97 points.
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Stock indexes were mixed but generally higher at Monday’s close, as investors await quarterly financial data from major corporations across sectors.
“The recent rebound in activity surveys and some of the hard data in Asia signals that global manufacturing activity may be bottoming out, suggesting there may not be much more downside for the U.S. factory sector in the months ahead,” Paul Ashworth, chief U.S. economist for Capital Economics, wrote Monday.
Crude oil prices jumped up by almost three per cent on Monday, following an announcement that the United States will be taking further steps to sanction Iranian oil. West Texas Intermediate gained US$1.66 to hit US$65.66 per barrel, and Brent Crude similarly gained US$2.15 to trade at $74.12 cents per barrel.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients——-unch at $ 17.95
Linamar Corp ——————dn $ 1.00 at $ 52.09
Maple Leaf Foods—————dn $ 0.05 at $ 30.54
Nutrien Ltd. ——————dn $ 0.51 at $ 71.85
Ritchie Bros Auctioneers Inc.–dn $ 0.51 at $ 45.73
Rocky Mountain Dealership Inc.-up $ 0.01 at $ 9.32
(All figures are in Canadian dollars.)
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