Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 18 (MarketsFarm) – The Canadian dollar was slightly lower on Monday, as pressure from a stronger United States dollar overpowered support from higher crude oil prices.
The loonie closed at US$0.7925 or US$1=C$1.2618, compared to Thursday’s close of US$0.7936 or US$1=C$1.2601.
On the United States Dollar Index, the greenback rose 0.464 of a point at 100.790.
Benchmark crude oil prices were higher on Monday, as Libya’s largest oilfield was shut down by protests. However, ramped-up COVID-19 lockdown measures in China tempered further increases.
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Brent crude oil gained US$1.34 at US$113.04 per barrel. West Texas Intermediate (WTI) crude oil advanced 84 cents at US$107.93 per barrel. Western Canadian Select (WCS) was up 91 cents at US$94.87 per barrel.
The TSX Composite Index incurred a small increase on Monday of 22.71 points to finish at 21,878.41.
Gold was up US$5.30 at US$1,980.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.67
Farmers Edge Inc. up $ 0.08 at $ 3.02
Linamar Corp. up $ 0.49 at $ 50.43
Maple Leaf Foods dn $ 0.23 at $ 28.25
Nutrien Ltd. up $ 3.13 at $144.47
Ritchie Bros Auctioneers Inc. dn $ 0.88 at $ 69.27
(All figures are in Canadian dollars.)
