By MarketsFarm
WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was stronger on Monday, with gains in crude oil behind some of the strength.
The Canadian dollar closed at US$0.7543 or US$1=C$1.3257, which compares with Friday’s North American close of US$0.7509 or US$1=C$1.3318.
Solid factory data out of Europe and China contributed to the firm tone in the Canadian dollar, as world equity markets regained some lost ground after renewed pandemic concerns had weighed on values last week.
However, uncertainty ahead of the United States presidential election on Tuesday kept some caution in all financial and commodity markets, with a move to less risky assets putting some pressure on the Canadian currency.
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The TSX Composite Index was up on the day, gaining 116.23 points, or 0.75 per cent, to close at 15,696.87 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 2.25
Linamar Corp.——————–up $ 0.88 at $ 44.43
Maple Leaf Foods—————–up $ 0.64 at $ 24.90
Nutrien Ltd.———————up $ 0.84 at $ 55.00
Ritchie Bros Auctioneers Inc.—-up $ 2.85 at $ 83.61
Rocky Mountain Dealerships Inc.–up $ 1.46 at $ 6.98
(All figures are in Canadian dollars.)
