By MarketsFarm
WINNIPEG, Jan. 4 (MarketsFarm) – The Canadian dollar was slightly weaker on Monday’s close, amid a lower tone for stock markets and crude oil prices.
The dollar finished the day at US$0.7843 or US$1=C$1.2751, compared to Thursday when it closed at US$0.7854 or US$1=C$1.2723.
Global stock indices were mixed, on the first trading day of 2021, as some market participants are concerned of a post-holiday spike in COVID-19 cases. The TSX closed up by 94.41 points at 17,527.77.
Benchmark crude oil prices also lost ground on the day. West Texas Intermediate (WTI) was down by US$1.19 to close at US$47.33. Brent Crude was down by US$1.13 at US$50.67.
Canada’s agricultural sector fared as follows:
Buhler Int. dn $ 0.12 at $ 2.60
Linamar Corp. dn $ 0.09 at $ 67.33
Maple Leaf Foods unchanged at $ 28.22
Nutrien Ltd. up $ 1.95 at $ 63.19
Ritchie Bros Auctioneers Inc. dn $ 3.22 at $ 85.26
Rocky Mountain Dealerships Inc. unchanged at $ 7.40
(All figures are in Canadian dollars.)
