By MarketsFarm
WINNIPEG, Dec. 7 (MarketsFarm) – The Canadian dollar was unchanged on Monday, as Statistics Canada’s positive jobs report on Friday held off declines in crude oil prices.
The dollar remained at US$0.7812 or US$1=C$1.2801.
Benchmark crude oil prices were lower on Monday, due to a surge in the COVID-19 pandemic and increasing tensions between the United States and China.
Brent crude oil dropped 53 cents at US$48.72 per barrel. West Texas Intermediate (WTI) crude oil fell 54 cents at US$45.72 per barrel. Western Canadian Select (WCS) crude oil dipped 10 cents at US$33.48 per barrel.
The TSX Composite Index gained 61.38 points on Monday to finish at 17,582.35.
Gold jumped US$26.28 at US$1,865.14 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.03 at $ 2.66
Linamar Corp. dn $ 0.09 at $ 66.44
Maple Leaf Foods up $ 0.21 at $ 27.52
Nutrien Ltd. dn $ 0.60 at $ 64.09
Ritchie Bros Auctioneers Inc. up $ 2.49 at $ 89.82
Rocky Mountain Dealerships Inc. dn $ 0.19 at $ 6.93
(All figures are in Canadian dollars.)
