By MarketsFarm
WINNIPEG, Dec. 6 (MarketsFarm) – The Canadian dollar was stronger on Monday, as gains in crude oil underpinned the energy-linked currency.
The Canadian dollar closed at US$0.7825 or US$1=C$1.2780 on Monday, which compares with Friday’s North American close of US$0.7805 or US$1=C$1.2812.
West Texas Intermediate crude oil was up by 5.52 per cent, at US$69.93 per barrel.
The Bank of Canada will announce its latest monetary policy decision on Wednesday, and investors will be following the statement carefully for hints on the timing of future rate increases.
The TSX Composite Index was up by 227.83 points, or 1.10 per cent, to close at 20,861.10 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.01 at $ 3.05
Linamar Corp.——————–up $ 0.52 at $ 73.68
Maple Leaf Foods—————–up $ 0.34 at $ 29.10
Nutrien Ltd.———————up $ 1.03 at $ 87.92
Ritchie Bros Auctioneers Inc.—-up $ 0.88 at $ 88.80
Farmers Edge Inc.—————-dn $ 0.03 at $ 3.30
(All figures are in Canadian dollars.)
