Canadian Financial Close: Loonie higher after Canada Day

WINNIPEG, July 2 (MarketsFarm) – The Canadian dollar was stronger following the Canada Day holiday.

The dollar finished the day at US$0.7361 or US$1=C$1.3586, compared to Tuesday when it closed at US$0.7338 or US$1=C$1.3628.

Global stock indices were stronger following positive jobs data from the United States. The U.S. Department of Labor reported 4.8 million jobs were added to the economy in June.

The TSX Composite Index was up 107.18 points to close at 15,622.40.

Benchmark crude oil prices were slightly stronger on the day. West Texas Intermediate (WTI) was up 50 cents to close at US$40.32. Brent Crude was up 74 cents at US$42.77.

Canada’s agricultural sector fared as follows:

Buhler Industries                unchanged      at $  2.51
Linamar Corp.                    up  $ 1.50     at $ 38.20
Maple Leaf Foods                 up  $ 0.07     at $ 28.58
Nutrien Ltd.                     up  $ 0.48     at $ 44.10
Ritchie Bros Auctioneers Inc.    dn  $ 0.34     at $ 54.93
Rocky Mountain Dealerships Inc.  up $ 0.01     at $  4.17

(All figures are in Canadian dollars.)

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