WINNIPEG – The Canadian dollar made gains on Monday while Russia’s invasion of Ukraine continues to shock the markets.
The loonie was at US$0.7875 or US$1=C$1.2698 on Monday, up from Friday’s close of US$0.7845 or US$1=C$1.2747.
The U.S. Dollar Index was up 0.12 of a point to 96.74. Meanwhile, the ruble reached record lows after Western nations implemented sanctions on Russia’s central bank.
Benchmark crude oil prices were still rallying as fighting in Ukraine rages on. Brent crude oil jumped US$3.06 per barrel to US$100.99. West Texas Intermediate (WTI) crude oil skyrocketed US$4.15 to US$95.74/barrel. Western Canadian Select (WCS) crude oil advanced US$4.08 at US$83.78/barrel.
The TSX/S&P Composite Index recovered from early losses to gain 20.36 points to 21,126.36.
Gold rose US$24.80 per ounce to US$1,912.40.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.59 at $ 2.42
Farmer’s Edge Inc. up $ 0.03 at $ 3.63
Linamar Corp. dn $ 0.56 at $ 66.19
Maple Leaf Foods dn $ 1.32 at $ 26.70
Nutrien Ltd. up $ 5.84 at $109.81
Ritchie Bros Auctioneers Inc. up $ 0.13 at $ 66.43
(All figures are in Canadian dollars.)
