By MarketsFarm
WINNIPEG, Oct. 4 (MarketsFarm) – The Canadian dollar was stronger on Monday, boosted by crude oil and broad weakness in the United States dollar internationally.
The Canadian dollar settled at US$0.7947 or US$1=C$1.2583 on Monday, which compares with Friday’s North American close of US$0.7903 or US$1=C$1.2654.
Crude oil rallied on Monday on news that OPEC+ would stick with its plan of increasing production by 400,000 barrels per month, rather than adjusting the policy to produce even more oil.
West Texas Intermediate was up by 2.3 per cent, hitting its highest level in three years at US$77.60 per barrel.
The TSX Composite Index was weaker, down 98.62 points, or 0.49 per cent, to close at 20,052.25 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.21
Linamar Corp.——————–dn $ 0.51 at $ 65.58
Maple Leaf Foods—————–up $ 0.27 at $ 25.93
Nutrien Ltd.———————up $ 0.34 at $ 85.25
Ritchie Bros Auctioneers Inc.—-up $ 0.29 at $ 78.14
Farmers Edge Inc.—————-dn $ 0.14 at $ 4.77
(All figures are in Canadian dollars.)
