Glacier FarmMedia | MarketsFarm – The Canadian dollar attained its highest close in nearly three weeks on Monday.
The loonie ended the day at US$0.6991 or US$1=C$1.4304, compared to US$0.6950 or US$1=C$1.4388 on Friday.
The United States Dollar Index declined 0.33 of a point at 103.39. The U.S. Commerce Department reported February retail sales did not increase as much as anticipated, while those in January received a downward revision. The U.S. Federal Reserve will meet on Tuesday and is expected to keep interest rates unchanged.
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Crude oil moved upward on Monday, with optimism for the Chinese economy and recent U.S. attacks on Houthi rebels on Yemen cited as reasons. Brent crude oil increased US$0.45 at US$71.03 per barrel. West Texas Intermediate gained US$0.35 at US$67.53/barrel.
The TSX/S&P Composite Index surged 231.71 points at 24,785.11.
Gold reached an all-time high at US$3,010.20 per ounce, up $9.10 from Friday.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.04 at $ 7.30
Farmer’s Edge Inc. unchanged at $ 0.345
Linamar Corp. up $ 1.02 at $ 53.16
Maple Leaf Foods dn $ 0.12 at $ 24.77
Nutrien Ltd. up $ 1.56 at $ 74.52
RB Global Inc. up $ 2.31 at $139.92
(All figures are in Canadian dollars.)
