WINNIPEG, Nov. 23 (MarketsFarm) – The Canadian dollar held relatively steady on Monday, weakening only slightly after trading within a narrow range.
The Canadian dollar closed at US$0.7644 or US$1=C$1.3082, which compares with Friday’s North American close of US$0.7651 or US$1=C$1.3071.
Gains in crude oil provided some underlying support for the energy-linked Canadian dollar.
West Texas Intermediate crude oil was up by 1.2 per cent, at US$42.91 per barrel.
The TSX Composite Index was up on the day, gaining 75.43 points, or 0.44 per cent, to close at 17,094.53 points. Optimism that COVID-19 vaccines will soon become available to the public underpinned world financial markets.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.30
Linamar Corp.——————–dn $ 0.23 at $ 59.93
Maple Leaf Foods—————–up $ 0.16 at $ 25.99
Nutrien Ltd.———————up $ 1.58 at $ 60.91
Ritchie Bros Auctioneers Inc.—-dn $ 1.65 at $ 85.29
Rocky Mountain Dealerships Inc.–dn $ 0.02 at $ 7.03
(All figures are in Canadian dollars.)