Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 7 (MarketsFarm) – The Canadian dollar was slightly higher on Monday, benefitting from a weaker United States dollar and despite a small set back in crude oil prices.
The loonie closed at US$0.7411 or US$1=C$1.3493, compared to Friday’s close of US$0.7398 or US$1=C$1.3517. On the U.S. Dollar Index, the greenback dropped 0.734 of a point at 110.040.
Benchmark crude oil prices eased back a little on Monday, in a day of choppy trading due mixed signals about China’s demand for oil.
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Brent crude oil shed 53 cents at US$98.04 per barrel. West Texas Intermediate (WTI) crude oil gave up 66 cents at US$91.95/barrel. Western Canadian Select (WCS) dipped 23 cents at US$63.40 per barrel.
The TSX Composite Index tacked on 96.10 points to finish Monday at 19,545.91.
Gold bumped up US$1.50 at US$1,678.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.00
Farmers Edge Inc. unchanged at $ 0.42
Linamar Corp. dn $ 0.41 at $ 59.26
Maple Leaf Foods dn $ 0.20 at $ 19.58
Nutrien Ltd. dn $ 0.13 at $ 98.66
Ritchie Bros Auctioneers Inc. dn $14.91 at $ 69.16
(All figures are in Canadian dollars.)
