WINNIPEG – The Canadian dollar held mostly steady on Monday despite rising crude oil prices.
The loonie was at US$0.8033 or US$1=C$1.2449 on Monday, up from Friday’s price of US$0.8031 or US$1=C$1.2452.
The United States Dollar Index dipped 0.29 of a point to 94.03. Survey findings released by the New York Federal Reserve on Monday revealed that median expectations for inflation one year from now rose to 5.7 per cent, while also expecting median household income to grow by a median of 3.3 per cent.
Benchmark crude oil prices were higher on Monday. Brent crude oil gained US$0.94 per barrel to US$83.68. West Texas Intermediate (WTI) crude oil jumped US$0.98 to US$82.25/barrel. Western Canadian Select (WCS) crude oil surged US$2.70 to US$62.75/barrel.
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The TSX/S&P Composite Index rose 100.72 points to 21,556.54.
Gold increased US$6.64 per ounce to US$1,825.00.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.21
Farmer’s Edge Inc. dn $ 0.03 at $ 5.28
Linamar Corp. up $ 0.88 at $ 71.38
Maple Leaf Foods dn $ 0.72 at $ 30.94
Nutrien Ltd. up $ 2.51 at $ 85.83
Ritchie Bros Auctioneers Inc. dn $ 4.69 at $ 87.98
(All figures are in Canadian dollars.)
