By MarketsFarm
WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar held fairly steady on Monday, as stock markets hit their highest levels in five months.
The Canadian dollar closed at US$0.7493 or US$1=C$1.3346, which compares with Friday’s close of US$0.7495, or C$=1.3342.
The S&P/TSX Composite Index was up by 111.02 points to 16,148.34 at market close.
The NASDAQ closed at its highest level all year, rising 25.95 points to close at 7,714.48. Similarly, the Dow Jones gained 65.23 points on its fourth consecutive day of gains, closing at 25,914.10.
Read Also
Canadian Financial Close: Loonie up as U.S. dollar weakens
Glacier FarmMedia | MarketsFarm – The Canadian dollar closed above the 73 United States cent mark for the first time in a…
Jonathan Golub, chief U.S. equity strategist for Credit Suisse, credits “less hawkish comments from the Fed, declining inflation and recession fears, and the potential for a resolution to China trade issues” as the primary forces driving market prices higher, according to a report from Yahoo Finance.
West Texas Intermediate gained 46 cents to close at 58.98, while Brent crude increased by 30 cents to close at $67.46
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients——-unchanged at $ 17.85
Buhler Industries————–dn $ 0.02 at $ 3.61
Linamar Corp ——————up $ 0.07 at $ 48.18
Maple Leaf Foods—————up $ 0.01 at $ 27.11
Nutrien Ltd. ——————up $ 0.42 at $ 71.75
Ritchie Bros Auctioneers Inc.–up $ 0.11 at $ 45.29
Rocky Mountain Dealership Inc.-dn $ 0.22 at $ 9.12
(All figures are in Canadian dollars.)
END
