By MarketsFarm
WINNIPEG, Nov. 20 (MarketsFarm) – The Canadian dollar held steady on Monday as currency traders await Tuesday’s fall economic statement from the federal government and comments from the Bank of Canada on Wednesday.
The Canadian dollar settled at US$0.7285 or US$1=C$1.3726 on Monday, which compares with Friday’s close of US$0.7288 or US$1=C$1.3722.
Investment in building construction in Canada increased by 5.3 per cent in September compared to the previous month, hitting C$18.9 billion, according to a report from Statistics Canada. The residential sector was up by 7.3 per cent at C$12.9 billion while the non-residential sector increased by 1.2 per cent at C$6.0 billion.
West Texas Intermediate crude oil was up by 2.12 per cent at US$77.50 per barrel.
The TSX Composite Index was stronger, gaining 70.70 points to close at 20,246.47 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.22
Linamar Corp.——————–up $ 0.03 at $ 59.32
Maple Leaf Foods—————–dn $ 0.11 at $ 25.65
Nutrien Ltd.———————up $ 0.36 at $ 77.93
Ritchie Bros Auctioneers Inc.—-up $ 0.61 at $ 85.09
Farmers Edge Inc.—————-dn $ 0.005 at $ 0.235
(All figures are in Canadian dollars.)
