By Commodity News Service Canada
WINNIPEG, Nov. 19 (CNS Canada) – The Canadian dollar was stronger at market close Monday.
The loonie closed at US$0.7586 or US$1=C$1.3182, which compares with Friday’s close of US$0.7602 or C$1.3154.
The S&P/TSX Composite Index closed at 15,071.01, down 84.49 points.
Oil was up slightly Monday as United States West Texas Intermediate crude oil increased by 67 U.S. cents to close at US$57.35 per barrel.
Alberta Premier Rachel Notley announced today she appointed three envoys to work with the oil industry and the federal government on building new refineries in the oil rich province. The measure is to help boost sagging prices for Canadian crude, which sells for a discount of US$40 per barrel of the WTI price. Also, the premier did not rule out ordering a cut in Alberta’s oil production, which is outpacing the ability to ship the crude to U.S. refineries.
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Canada’s agricultural sector faired as follows:
AGT Food and Ingredients———dn $ 0.43 at $ 16.20
Buhler Industries—————-unchanged at $ 3.75
Linamar Corp.——————–up $ 0.36 at $ 48.99
Maple Leaf Foods—————–up $ 0.04 at $ 29.21
Nutrien Ltd.———————dn $ 1.80 at $ 68.89
Ritchie Bros Auctioneers Inc.—-dn $ 0.19 at $ 45.49
Rocky Mountain Dealerships Inc.–unchanged at $ 9.30
(All figures are in Canadian dollars.)
