Glacier FarmMedia | MarketsFarm – The Canadian dollar jumped to start the week, approaching the 72 United States cent mark.
The loonie was at US$0.7197 or US$1=C$1.3894, compared to US$0.7178 or US$1=C$1.3932 on Friday. The United States Dollar Index was down 0.37 of a point at 103.91.
Crude oil rose on Monday after OPEC+ announced it was delaying its planning production hike until January and Iran threatened a “strong and complex” attack against Israel. West Texas Intermediate (WTI) gained US$2.24 at US$71.73 per barrel. Brent crude oil advanced US$2.25 at US$75.35/barrel.
The TSX/S&P Composite Index only added 0.90 of a point at 24,256.06.
Gold declined US$3.80 per ounce at US$2,745.40.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.45
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. dn $ 0.31 at $ 56.30
Maple Leaf Foods up $ 0.28 at $ 21.62
Nutrien Ltd. up $ 3.06 at $ 70.56
RB Global Inc. dn $ 0.09 at $118.70
(All figures are in Canadian dollars.)
