Canadian Financial Close: Loonie steady to start the week

By MarketsFarm

WINNIPEG, May 4 (MarketsFarm) – The Canadian dollar was steady on Monday, as provinces across Canada cautiously begin to re-open amidst the COVID-19 pandemic.
The dollar finished the day at US$0.7097 or US$1=C$1.4090, compared to Friday when it closed at US$0.7109 or US$1=C$1.4066.
Benchmark crude oil prices were higher for the fourth day in a row due to lower stockpiles at key storage facilities. West Texas Intermediate (WTI) was up by US$1.43 to close at US$21.12. Brent Crude was up by US$1.55 at US$27.99.
The TSX Composite Index was up 125 points to close at 14,745.04. The S&P 500 gained 12.03 points to close at 2,842.74. The Dow Jones Industrial Average gained 26.07 points at 23,749.76. The NASDAQ increased 139.77 to finish at 8,634.52.
Canada’s agricultural sector fared as follows:
Buhler Industries                up  $ 0.15     at $  2.80
Linamar Corp.                    up  $ 0.60     at $ 33.04
Maple Leaf Foods                 dn  $ 0.03     at $ 25.18
Nutrien Ltd.                     up  $ 1.22     at $ 49.98
Ritchie Bros Auctioneers Inc.    dn  $ 0.81     at $ 58.96
Rocky Mountain Dealerships Inc.  dn $ 0.07     at $  4.19
(All figures are in Canadian dollars.)


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