Compiled by MarketsFarm
WINNIPEG, May 8 (MarketsFarm) – Although the Canadian dollar lacked the strength to remain above 75 U.S. cents on Monday, it still climbed four-tenths of a cent.
The Canadian dollar closed at US$0.7488 or US$1=C$1.3354, compared to Friday’s finish of US$0.7448 or US$1=C$1.3427. On the U.S. Dollar Index, the greenback was up 0.181 of a point at 101.180.
Benchmark crude oil prices were higher on Monday as fears over the looming economic recession faded. Also, wildfires in Alberta forced the closure of a number of oil producing facilities.
Brent crude oil added US$1.29 at US$76.59 per barrel and West Texas Intermediate (WTI) advanced US$1.42 at US$72.76/barrel.
The TSX Composite Index nudged up 43.12 points on Monday to close at 20,585.15.
Gold tacked on US$3.10 at US$2,027.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.09 at $ 2.14 Farmers Edge Inc. unchanged at $ 0.18 Linamar Corp. up $ 1.56 at $ 65.15 Maple Leaf Foods dn $ 1.28 at $ 26.09 Nutrien Ltd. dn $ 0.78 at $ 86.25 Ritchie Bros Auctioneers Inc. up $ 0.33 at $ 76.47
(All figures are in Canadian dollars.)
