WINNIPEG – The Canadian dollar dipped below the 74 United States cent mark coming out of Easter weekend.
The loonie closed at US$0.7393 or US$1=C$1.3527, compared to US$0.7419 or US$1=C$1.3478 on Thursday. The Bank of Canada (BoC) did not post its exchange rate on Friday due to the Good Friday holiday.
The United States Dollar Index increased 0.46 of a point at 102.55.
Crude oil declined slightly on Monday, mainly due to pressure from the U.S. dollar. Brent crude oil dropped US$0.88 per barrel to US$84.24. Meanwhile, West Texas Intermediate (WTI) retreated US$0.87 at US$79.83/barrel.
The TSX/S&P Composite Index gained 79.13 points to close at 20,275.82.
Gold fell US$20.30 at US$2,006.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.20
Farmer’s Edge Inc. unchanged at $ 0.215
Linamar Corp. up $ 1.30 at $ 62.11
Maple Leaf Foods up $ 0.56 at $ 27.14
Nutrien Ltd. up $ 4.44 at $ 96.12
Ritchie Bros Auctioneers Inc. up $ 1.28 at $ 77.30
(All figures are in Canadian dollars.)
