Canadian Financial Close: C$ rises as oil cracks US$40 a barrel

By Commodity News Service Canada

WINNIPEG, April 11 – The Canadian dollar ended higher against its US counterpart on Monday, following gains in crude oil.
Oil prices moved above US$40 a barrel for the first time in three weeks which buoyed the market.
The Canadian dollar closed at US$0.7753 or US$1 = 1.2899 on Monday which compares with Friday’s close of US$0.7691 or US$1 = 1.2899.
The Standard & Poor’s/TSX Composite Index advanced on Monday, as positive Chinese data and gains in oil and gold pointed the way higher.
Chinese producer prices were up half a percent in March over February, according to a report.
The S&P/TSX Composite Index rose 26.03 points, or 0.19%, to 13,422.76.

Canada’s agricultural sector performed as follows:
AGT Food and Ingredients——- $ 0.00 at $ 38.12
Agrium Incorporated———-dn $ 0.40 at $113.57
Buhler Industries————– $ 0.24 at $ 4.80
Maple Leaf Foods————-dn $ 0.20 at $ 26.89
Potash Corp. of Sask———dn $ 0.28 at $ 20.49

(All figures are in Canadian dollars.)