By MarketsFarm
WINNIPEG, Sept. 16 (MarketsFarm) – The Canadian dollar was steady on Monday, amid the largest jump in crude oil prices in nearly 30 years.
The dollar finished the day at US$0.7548 or US$1=C$1.3248, which compares with Friday’s close of US$0.7543 or US$1=C$1.3257.
Global equities finished mostly in the red today following an attack on Saudi Arabian oil facilities, which disrupted global oil production. Yemeni-based Houthi rebels have claimed responsibility for the attack, though the United States has blamed Iran. Iran has denied these claims but has said it is ready for “full-fledged war,” according to Reuters.
Read Also
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding near unchanged Monday morning. At 9:08 a.m. CDT the Canadian dollar was…
The TSX Composite Index closed slightly higher by 68.89 points at 16,751.31. The S&P 500 lost 9.43 to close at 2,997.96. Similarly, the Dow Jones fell 142.70 points to finish at 27,076.82. The NASDAQ was down 23.17 to finish at 8,153.54.
Benchmark oil prices skyrocketed over 11 per cent following the weekend attack. Brent crude oil was up by US$7.87 to close at US$68.09 per barrel. West Texas Intermediate (WTI) crude oil was up US$7.11 to close at US$61.96 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.02 at $ 3.66
Linamar Corp. up $ 0.66 at $ 44.54
Maple Leaf Foods dn $ 0.11 at $ 31.50
Nutrien Ltd. dn $ 0.02 at $ 68.64
Ritchie Bros Auctioneers Inc. up $ 0.18 at $ 50.60
Rocky Mountain Dealerships Inc. up $ 0.13 at $ 7.12
(All figures are in Canadian dollars.)
END
