WINNIPEG – The Canadian dollar continued to rally on Monday, along with crude oil prices.
The loonie closed at its highest level in two weeks, US$0.7760 or US$1=C$1.2887, up from US$0.7732 or US$1=C$1.2933 on Friday. The United States Dollar Index lost 0.22 of a point to 103.96 on Monday.
Crude oil prices jumped on Monday over the prospects of new sanctions against Russian oil exports, as well as political crises in Libya and Ecuador. Brent crude oil gained US$2.19 per barrel at US$115.31. West Texas Intermediate (WTI) crude oil rose US$2.13 at US$109.75/barrel. Western Canadian Select (WCS) climbed US$2.64 per barrel to US$92.34.
The TSX/S&P Composite Index added 195.41 points on Monday to 19,258.32.
Gold dropped US$6.20 at US$1,824.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.17 at $ 2.34
Farmer’s Edge Inc. dn $ 0.05 at $ 1.75
Linamar Corp. up $ 0.77 at $ 56.81
Maple Leaf Foods up $ 0.20 at $ 25.92
Nutrien Ltd. up $ 4.36 at $107.81
Ritchie Bros Auctioneers Inc. up $ 0.88 at $ 80.48
(All figures are in Canadian dollars.)
