WINNIPEG, Sept. 28 (MarketsFarm) – The Canadian dollar was slightly higher to start the week.
The dollar finished the day at US$0.7675 or US$1=C$1.3378, compared to Friday when it closed at US$0.7465 or US$1=C$1.3396.
The President of Cleveland’s Federal Reserve Bank, Loretta Mester, said the U.S. must address gaps in economic opportunity across the country. Mester said the COVID-19 pandemic disproportionately affected vulnerable communities including low-income, Black, and Hispanic workers.
The TSX Composite Index gained 177.46 points to close at 16,242.81.
Benchmark crude oil prices were slightly stronger on the day. West Texas Intermediate (WTI) was up 24 cents to close at US$40.49. Brent Crude was up 40 cents at US$42.32.
Canada’s agricultural sector fared as follows:
Buhler Int. dn $ 0.10 at $ 2.29
Linamar Corp. up $ 1.31 at $ 39.31
Maple Leaf Foods up $ 0.36 at $ 27.99
Nutrien Ltd. up $ 0.21 at $ 53.38
Ritchie Bros Auctioneers Inc. up $ 0.21 at $ 77.91
Rocky Mountain Dealerships Inc. dn $ 0.02 at $ 5.25
(All figures are in Canadian dollars.)