By Commodity News Service Canada
WINNIPEG, Feb. 26 – The Canadian dollar closed slightly
lower Monday despite gains in the stock market and price of oil.
The Canadian dollar settled Monday at US$0.7883 or
C$1.2686, compared to Friday’s North American close of at
US$0.7894 or C$1.2668.
Oil prices rose Monday, hitting three-week highs, supported
by strong United States demand and comments from Saudi Arabia
that it would continue to curb production in line with
Organization of the Petroleum Exporting Countries led efforts.
Brent crude rose 19 cents to US$67.50 per barrel.
In Toronto, the TSX/S&P Composite closed higher Monday, as
gains in the price of commodities such as gold and silver helped
support shares of mining companies. The TSX/S&P rose 76.21
points, or 0.49 per cent, to 15,714.66.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–dn $ 0.10 at $ 19.40
Buhler Industries————unchanged at $ 4.07
Maple Leaf Foods————-dn $ 0.09 at $ 32.00
Nutrien Ltd.—————–dn $ 0.30 at $ 63.50
(All figures are in Canadian dollars.)
