By MarketsFarm
WINNIPEG, June 22 (MarketsFarm) – The Canadian dollar was stronger on Monday, as gains in crude oil and the global equity markets provided some support.
The Canadian dollar closed at US$0.7383 or US$1=C$1.3545, which compares with Friday’s North American close of US$0.7360 or US$1=C$1.3587.
Reports of tightening crude oil supplies amid easing COVID-19 social distancing measures accounted for some strength in the energy markets, which underpinned the Canadian currency.
West Texas Intermediate crude oil was up by two per cent on the day, at US$40.60 per barrel.
The TSX Composite Index was stronger, gaining 42.70 points, or 0.28 per cent, to close at 15,516.90 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.51
Linamar Corp.——————–up $ 0.33 at $ 38.48
Maple Leaf Foods—————–dn $ 1.44 at $ 29.18
Nutrien Ltd.———————dn $ 0.44 at $ 48.18
Ritchie Bros Auctioneers Inc.—-up $ 0.66 at $ 54.76
Rocky Mountain Dealerships Inc.–dn $ 0.05 at $ 4.50
(All figures are in Canadian dollars.)
