By MarketsFarm
WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar closed higher on Monday, getting strength from gains in the stock markets.
The dollar finished at US$0.7536 or US$=C$1.3269, compared to Friday’s close of US$0.7513 or US$1=C$1.3310.
The TSX Composite Index rose 210.94 points on Monday to finish at 16,410.19. In the United States, the Dow Jones leapt 465.83 to end the day at 28,148.64, with the NASDAQ up 257.46 at 11,332.49 points and the S&P 500 rising 60.18 at 3,408.62 points.
Benchmark crude oil prices were stronger on Monday due to progress made on the U.S. economic stimulus bill between Republicans and Democrats.
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Brent crude oil jumped US$2.20 at US$41.47 per barrel. West Texas Intermediate (WTI) crude oil increased US$2.32 at US$39.37 per barrel. Western Canadian Select (WCS) crude vaulted US$2.49 at US$29.49 per barrel.
Gold was up US$13.64 at US$1,913.48 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.03 at $ 2.26
Linamar Corp. up $ 1.54 at $ 41.63
Maple Leaf Foods up $ 0.08 at $ 26.89
Nutrien Ltd. up $ 2.83 at $ 54.31
Ritchie Bros Auctioneers Inc. up $ 1.93 at $ 81.41
Rocky Mountain Dealerships Inc. up $ 0.27 at $ 5.45
(All figures are in Canadian dollars.)
