By MarketsFarm
WINNIPEG, Dec. 21 (MarketsFarm) – The Canadian dollar was weaker on Monday, after several days of gains.
The dollar finished the day at US$0.7828 or US$1=C$1.2775, compared to Friday when it closed at US$0.7783 or US$1=C$1.2849.
Most global stock indices were lower on the day, following news that a new strain of COVID-19 has caused governments to limit travellers from the United Kingdom. Additionally, Ontario will see increased lockdown measures beginning on Boxing Day, in an effort to stymie the spread of COVID-19 cases. The TSX closed down by 61.28 points at 17,358.21.
Benchmark crude oil indices were weaker on the day, as the outlook for long-term demand remains pessimistic. West Texas Intermediate (WTI) was down by US$1.31 to close at US$47.79. Brent Crude lost US$1.54 at US$50.72.
Canada’s agricultural sector fared as follows:
Buhler Int. up $ 0.04 at $ 2.72
Linamar Corp. dn $ 2.40 at $ 68.15
Maple Leaf Foods dn $ 0.21 at $ 28.05
Nutrien Ltd. up $ 0.14 at $ 61.28
Ritchie Bros Auctioneers Inc. up $ 2.05 at $ 89.11
Rocky Mountain Dealerships Inc. unchanged at $ 7.40
(All figures are in Canadian dollars.)
