WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was slightly stronger on Monday, boosted by strong performances in the financial sector and crude oil values.
The dollar finished the day at US$0.7488 or US$1=C$1.3354, compared to Friday when it closed at US$0.7476 or US$1=C$1.3377.
United States stock indices were higher on Monday following an announcement that the U.S. government will implement aid packages in order to support the economy during the ongoing COVID-19 pandemic.
The TSX Composite Index was up 61.02 points to close at 16,605.50.
Benchmark crude oil prices were slightly stronger, nearing three-week highs following reports that demand will continue to grow. West Texas Intermediate (WTI) was up 84 cents to close at US$42.06. Brent Crude was up 61 cents at US$45.01.
Canada’s agricultural sector fared as follows:
Buhler Int. up $ 0.24 at $ 2.79
Linamar Corp. dn $ 0.72 at $ 41.77
Maple Leaf Foods up $ 0.18 at $ 28.78
Nutrien Ltd. up $ 1.55 at $ 49.00
Ritchie Bros Auctioneers Inc. up $ 2.96 at $ 77.60
Rocky Mountain Dealerships Inc. up $ 0.07 at $ 4.57
(All figures are in Canadian dollars.)