WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was stronger on Monday, seeing a modest recovery to start the week after dropping sharply relative to its United States counterpart earlier in the month.
The Canadian dollar closed at US$0.8080 or US$1=C$1.2377 on Monday, which compares with Friday’s North American close of US$0.8052 or US$1=C$1.2419.
Strength in crude oil contributed to the firmer tone in the Canadian currency, with West Texas Intermediate up by 2.64 per cent at US$73.53 per barrel.
The TSX Composite Index was stronger, up 156.77 points, or 0.78 per cent, to close at 20,156.77 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.39
Linamar Corp.——————–up $ 3.03 at $ 79.18
Maple Leaf Foods—————–dn $ 0.01 at $ 25.87
Nutrien Ltd.———————up $ 1.21 at $ 73.70
Ritchie Bros Auctioneers Inc.—-up $ 0.63 at $ 73.94
Farmers Edge Inc.—————-up $ 0.05 at $ 12.16
(All figures are in Canadian dollars.)