By MarketsFarm
WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar showed some modest strength to start the week, rising back above 73 U.S. cents.
The Canadian dollar settled at US$0.7313 or US$1=C$1.3674 on Monday, which compares with Friday’s close of US$0.7281 or US$1=C$1.3734.
Uncertainty in the global financial markets kept a cautious tone in the currency trade, after news over the weekend that UBS would buy out the struggling Credit Suisse bank.
Crude oil traded to both sides of unchanged but was higher late in the day, which underpinned the energy-linked Canadian currency.
West Texas Intermediate crude oil was up by 1.2 per cent at US$67.54 per barrel.
The TSX Composite Index was up by 131.71 points or 0.68 per cent to close at 19,519.43 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.30
Linamar Corp.——————–dn $ 0.99 at $ 60.27
Maple Leaf Foods—————–up $ 0.23 at $ 24.21
Nutrien Ltd.———————up $ 0.99 at $100.83
Ritchie Bros Auctioneers Inc.—-up $ 0.09 at $ 72.97
Farmers Edge Inc.—————-up $ 0.01 at $ 0.21
(All figures are in Canadian dollars.)
