By MarketsFarm
WINNIPEG, Nov. 4 (MarketsFarm) – The Canadian dollar was firm at market close on Monday, as world benchmark crude oil prices made gains, but Canadian crude slipped.
The loonie finished the day at US$0.7606 or US$1=C$1.3148, which compares with Friday’s close of US$0.7601 or C$1.3157.
Benchmark oil prices were slightly higher on Monday due to positive sentiment towards Phase One of the partial trade deal between the United States and China.
Brent crude oil was up 46 cents to close at US$62.15 per barrel, while West Texas Intermediate (WTI) gained 36 cents to close at US$56.56 per barrel. However, Western Canadian Select crude lost 23 cents at US$34.39 per barrel.
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The TSX/S&P Composite Index was up 75.74 points on Monday to close at 16,669.81 points from a month-high. As with the U.S. markets, the TSX was up due to the positive outlook toward the partial U.S./China trade deal.
In the U.S., two stock market set new all-time highs. The NASDAQ rose 46.80 to close at 8,433.20 points and the S&P 500 gained 11.36 to end the day at 3,078.27 points. The Dow Jones was up 114.75 to close at 27,462.11 points.
Gold was down US$4.33 on Monday to close at US$1,510.07 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.60
Linamar Corp. up $ 0.93 at $ 44.63
Maple Leaf Foods dn $ 0.33 at $ 23.13
Nutrien Ltd. up $ 1.33 at $ 64.83
Ritchie Bros Auctioneers Inc. up $ 0.38 at $ 54.70
Rocky Mountain Dealerships Inc. dn $ 0.10 at $ 6.45
(All figures are in Canadian dollars.)
