By MarketsFarm
WINNIPEG, April 13 (MarketsFarm) – The Canadian dollar was higher on Monday, despite losses in North American equities.
The dollar finished the day at US$0.7176 or US$1=C$1.3936, compared to Thursday when it closed at US$0.7151 or US$1=C$1.3985.
Benchmark crude oil prices were mixed on Monday, following the agreement between OPEC, Russia and the G20 on global crude oil production cuts of 20 million barrels per day. Industry analysts have said large cuts, of up to 35 million BPD, are likely needed to offset drastically lower demand due to the COVID-19 pandemic.
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Brent crude oil gained 60 cents to close at US$32.08 per barrel. West Texas Intermediate (WTI) crude oil slipped 11 cents at US$22.65 per barrel. Western Canadian Select (WCS) was down 14 cents at US$4.25 per barrel.
As concerns over the pandemic continue, the TSX Composite Index was down 90.69 points to close at 14,075.94.
Gold was up US$20.59 at 1,717.25 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.04 at $ 2.86
Linamar Corp. dn $ 0.05 at $ 33.84
Maple Leaf Foods up $ 0.69 at $ 25.13
Nutrien Ltd. dn $ 1.90 at $ 49.56
Ritchie Bros Auctioneers Inc. dn $ 1.25 at $ 53.55
Rocky Mountain Dealerships Inc. dn $ 0.05 at $ 4.15
(All figures are in Canadian dollars.)
