Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 29 (MarketsFarm) – The Canadian dollar was firm on Monday, as increases in crude oil prices were countered by a stronger United States dollar.
The loonie closed at US$0.7834 or US$1=C$1.2765, compared to Friday’s close of US$0.7830 or US$1=C$1.2771.
On the U.S. Dollar Index, the greenback pushed higher by 0.161 at 96.265 points.
Benchmark crude oil prices were higher on Monday, as market concerns over the new Omicron strain of COVID-19 helped slash much larger gains earlier in the day.
Brent crude oil was up 47 cents at US$73.19 per barrel. West Texas Intermediate (WTI) crude oil gained US$1.54 at US$69.69 per barrel. Western Canadian Select (WCS) rose US$1.68 at US$50.54 per barrel.
The TSX Composite Index bumped up 23.04 points on Monday, to finish at 21,148.94.
Gold dropped US$3.80 at US$1,784.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.02 at $ 3.09
Farmers Edge Inc. dn $ 0.01 at $ 3.49
Linamar Corp. dn $ 1.32 at $ 75.43
Maple Leaf Foods up $ 0.03 at $ 29.06
Nutrien Ltd. up $ 0.56 at $ 87.26
Ritchie Bros Auctioneers Inc. up $ 0.38 at $ 88.66
(All figures are in Canadian dollars.)
