Canadian Financial Close: C$ hits nine-month high

WINNIPEG, June 26 (MarketsFarm) – The Canadian dollar was stronger on Monday, hitting its highest level in nine-months relative to its United States counterpart. Chart-based positioning was a feature as the currency pair tested some key technical levels.

The Canadian dollar settled at US$0.7604 or US$1=C$1.3151 on Monday, which compares with Friday’s close of US$0.7576 or US$1=C$1.3199.

There were no significant domestic economic releases on Monday, with investors awaiting inflation data on Tuesday and the Bank of Canada’s business outlook survey on Friday.

West Texas Intermediate was up by 0.65 per cent at US$69.61 per barrel.

The TSX Composite Index was stronger, gaining 169.09 points or 0.87 per cent to close at 19,587.32 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.05

Linamar Corp.——————–up  $ 0.27    at $ 66.02

Maple Leaf Foods—————–up  $ 0.06    at $ 25.18

Nutrien Ltd.———————up  $ 0.88    at $ 78.44

Ritchie Bros Auctioneers Inc.—-up  $ 2.20    at $ 75.26

Farmers Edge Inc.—————-dn  $ 0.03    at $  0.18

(All figures are in Canadian dollars.)