WINNIPEG – The Canadian dollar moved its way back above the 79-cent United States mark on Monday as oil rallied.
The loonie was at US$0.7913 or US$1=C$1.2637 on Monday, up from Friday’s close of US$0.7886 or US$1=C$1.2680. The U.S. Dollar Index was up 0.07 of a point at 93.40.
Benchmark crude oil jumped on Monday. Brent crude oil rose US$1.33 per barrel to US$79.42. West Texas Intermediate (WTI) crude oil surged US$1.46 to US$75.44/barrel. Western Canadian Select (WCS) crude oil increased US$1.37 to US$63.56/barrel.
The TSX/S&P Composite Index advanced 60.76 points to 20,436.42.
Gold increased US$0.20 per ounce to US$1,750.63.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.08 at $ 3.29
Farmer’s Edge Inc. up $ 0.17 at $ 4.72
Linamar Corp. up $ 0.97 at $ 67.32
Maple Leaf Foods dn $ 0.13 at $ 25.97
Nutrien Ltd. up $ 1.40 at $ 83.62
Ritchie Bros Auctioneers Inc. up $ 0.09 at $ 78.52
(All figures are in Canadian dollars.)