By MarketsFarm
WINNIPEG, Nov. 18 (MarketsFarm) – The Canadian dollar was slightly higher at market close on Monday, ahead of two major reports
The loonie finished the day at US$0.7568 or US$1=C$1.3214, which compares with Friday’s close of US$0.7558 or C$1.3231.
On Wednesday, Canada’s inflation report for October will be released and followed by September retail sales data on Friday.
Also, the Senior Deputy Governor of the Bank of Canada will speak tomorrow about safeguarding the country’s financial system. Then on Thursday, the bank’s Governor will talk about economic change.
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As well, federal Labour Minister Patty Hajdu and Transportation Minister Marc Garneau met with officials from Canadian National and the Teamsters Canada Rail Conference today. The union gave notice over the weekend that its 3,200 members at CN could walk off the job as early as Tuesday. The federal government wants to avert the strike.
The TSX/S&P Composite Index was flat on Monday, slipping 3.36 points to close at 17,025.11 points, easing back from its all-time high set on Friday.
Benchmark oil prices were weaker on Monday as increased shale output in the U.S. outweighed the uncertainty surrounding U.S./China trade talks.
Brent crude oil fell US$1.06 to close at US$62.24 per barrel, and West Texas Intermediate (WTI) was lost 86 cents to close at US$56.86 per barrel. Western Canadian Select crude retreated US$1.00 at US$40.90 per barrel.
Gold was up US$2.85 on Monday, closing at US$1,471.15 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.60
Linamar Corp. unchanged at $ 45.09
Maple Leaf Foods up $ 0.09 at $ 23.22
Nutrien Ltd. dn $ 2.10 at $ 63.23
Ritchie Bros Auctioneers Inc. dn $ 0.40 at $ 55.50
Rocky Mountain Dealerships Inc. dn $ 0.03 at $ 6.46
(All figures are in Canadian dollars.)
