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Canadian Financial Close: Canadian dollar stronger

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Published: April 29, 2019

By MarketsFarm

WINNIPEG, April 29 (MarketsFarm) – The Canadian dollar gained slightly at Monday’s close, along with crude oil.

The Canadian dollar closed at US$.7432 or US$1=C$1.3456, up from Friday’s close of US$.7429 or US$1=C$1.3460.

The S&P/TSX Composite Index gained 13.09 points to close at 16,600.37.

The NASDAQ closed up, gaining 15.45 at 8,161.85 points. The Dow Jones gained 11.06 points to close at 26,554.39. The S&P 500 Index was up by 3.15 points, closing at 2,943.03 points.

The S&P 500 ended Monday at a new record high thanks to stronger-than-expected earnings results and economic data.

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Crude oil prices were mixed on Monday, as Iran said U.S. sanctions on its oil industry will damage market stability, according to Reuters. West Texas Intermediate gained 28 cents to hit US$63.58 per barrel, and Brent Crude oil lost 14 cents to hit US$72.01 per barrel.

Canada’s agricultural sector fared as follows:

AGT Food and Ingredients——-up $ 0.04 at $ 17.99
Buhler Industries————–unch at $ 3.61
Linamar Corp ——————up $ 0.90 at $ 50.83
Maple Leaf Foods—————up $ 0.22 at $ 30.95
Nutrien Ltd. ——————dn $ 0.25 at $ 72.22
Ritchie Bros Auctioneers Inc.–up $ 0.16 at $ 46.53
Rocky Mountain Dealership Inc.-dn $ 0.24 at $ 9.35

(All figures are in Canadian dollars.)

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