By MarketsFarm
WINNIPEG, April 24 (MarketsFarm) – The Canadian dollar held steady on Monday, amid a lack of any significant market moving news.
The Canadian dollar settled at US$0.7384 or US$1=C$1.3542 on Monday, which compares with Friday’s close of US$0.7386 or US$1=C$1.3539.
The Bank of Canada is set to release the minutes of its latest monetary policy meetings on Wednesday and investors will be reading closely for signs of any future rate adjustments.
Crude oil was firmer on the day, providing some underlying support for the energy-linked currency. West Texas Intermediate crude oil was up by 1.1 per cent at US$78.72 per barrel.
The TSX Composite Index was down by 16.41 points or 0.08 per cent to close at 20,676.74 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-up $ 0.12 at $ 2.50
Linamar Corp.——————–up $ 0.91 at $ 63.92
Maple Leaf Foods—————–dn $ 0.48 at $ 27.35
Nutrien Ltd.———————up $ 0.81 at $ 96.41
Ritchie Bros Auctioneers Inc.—-dn $ 0.91 at $ 78.56
Farmers Edge Inc.—————-dn $ 0.005 at $ 0.20
(All figures are in Canadian dollars.)
