WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday, with uncertainty in the global equity markets causing investors to back away from riskier assets in favour of the United States dollar.
The Canadian dollar closed at US$0.7851 or US$1=C$1.2738, which compares with Friday’s North American close of US$0.7864 or US$1=C$1.2716.
Gains in crude oil provided some support for the energy-linked currency.
West Texas Intermediate crude oil was up by 1.03 per cent, at US$52.81 per barrel.
The TSX Composite Index was firmer on the day, gaining 60.11 points, or 0.34 per cent, to close at 17,906.02 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.01 at $ 2.66
Linamar Corp.——————–dn $ 0.30 at $ 73.14
Maple Leaf Foods—————–dn $ 0.36 at $ 25.50
Nutrien Ltd.———————up $ 0.42 at $ 67.48
Ritchie Bros Auctioneers Inc.—-up $ 0.776 at $ 80.99
(All figures are in Canadian dollars.)