WINNIPEG – The Canadian moved upwards by nearly one quarter of a United States cent on Monday.
The loonie closed at US$0.7343 or US$1=C$1.3619, compared to US$0.7320 or US$1=C$1.3661 on Friday. The U.S. Dollar Index shed 0.44 of a point at 106.21.
Crude oil prices eased off on Monday amid concerns over the conflict between Israel and Hamas. Brent crude oil declined US$0.79 at US$90.10 per barrel. West Texas Intermediate (WTI) was down US$0.66 to US$87.03/barrel.
The TSX/S&P Composite Index rose 157.94 points to 19,620.80.
Gold dropped US$9.10 at US$1,932.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.40
Farmer’s Edge Inc. dn $ 0.02 at $ 0.14
Linamar Corp. up $ 0.47 at $ 65.08
Maple Leaf Foods dn $ 0.70 at $ 24.60
Nutrien Ltd. up $ 1.01 at $ 83.53
Ritchie Bros Auctioneers Inc. dn $ 0.07 at $ 90.82
(All figures are in Canadian dollars.)
