Canadian Financial Close: Loonie ends downturn, moves up

WINNIPEG – The Canadian dollar halted a four-day decline with a small gain on Monday.

The loonie closed at US$0.7355 or US$1=C$1.3596 on Monday, compared to US$0.7350 or US$1=C$1.3606 on Friday.

The United States Dollar Index subtracted 0.06 of a point at 104.02.

New economic stimuli in China helped crude oil become steady to higher on Monday.

Brent crude oil was unchanged at US$84.48 per barrel. West Texas Intermediate (WTI) was up US$0.29 at US$80.12/barrel.

The TSX/S&P Composite Index jumped 189.39 points at 20,025.14.

Gold added US$8.40 at US$1,948.30 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.52

Farmer’s Edge Inc.               dn  $ 0.01     at $  0.19

Linamar Corp.                    up  $ 0.46     at $ 69.68

Maple Leaf Foods                 dn  $ 0.18     at $ 28.95

Nutrien Ltd.                     up  $ 1.98     at $ 84.89

Ritchie Bros Auctioneers Inc.    up  $ 1.36     at $ 82.04

(All figures are in Canadian dollars.)

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