WINNIPEG – The Canadian dollar was higher at Monday’s close to start the week.
The loonie closed at US$0.7781 or US$1=C$1.2852, up from US$0.7766 or US$1=C$1.2876 on Thursday. The United States Dollar Index was down 0.30 of a point to 106.44.
Crude oil prices were somewhat higher on Monday with tightening supply outweighing recession fears. A slowdown on TC Energy’s Keystone pipeline from Alberta to Oklahoma has been cleared. Brent crude oil increased US$1.89 per barrel at US$105.09. West Texas Intermediate (WTI) crude oil jumped US$2.08 at US$96.78/barrel. Western Canadian Select (WCS) moved up US$1.81 per barrel to US$76.26.
The TSX/S&P Composite Index gained 121.56 points at 19,104.48.
Gold lost US$10.00 at US$1,717.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.39
Farmer’s Edge Inc. dn $ 0.03 at $ 1.46
Linamar Corp. dn $ 0.51 at $ 57.41
Maple Leaf Foods dn $ 0.09 at $ 26.34
Nutrien Ltd. up $ 4.15 at $105.32
Ritchie Bros Auctioneers Inc. dn $ 0.56 at $ 88.84
(All figures are in Canadian dollars.)
