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Canadian Financial Close: Canadian dollar slightly stronger

By MarketsFarm

WINNIPEG, Dec. 9 (MarketsFarm) – The Canadian dollar was slightly higher at the start of the week, despite a weak day for global stock indexes.

The dollar finished the day at US$0.7556 or US$1=C$1.3235, compared to Friday when it closed at US$0.7544 or US$1=C$1.3255.

Stock markets closed lower despite November’s “monster” jobs report. Last week, the United States Department of Labor reported the economy grew by 266,000 jobs in November. That was significantly higher than expected.

The TSX Composite Index closed lower by 46.12 points at 16,950.85. The S&P 500 lost 9.95 to close at 3,135.96. The Dow Jones was down by 105.46 to finish at 27,909.60. The NASDAQ was down 34.70 to finish at 8,621.83.

Benchmark oil prices were steady to lower due to prolonged concerns of global usage. Brent crude oil was 26 cents lower, closing at US$64.13 per barrel. West Texas Intermediate (WTI) crude oil was down by 21 cents to close at US$58.99 per barrel.

Canada’s agricultural sector fared as follows:

Buhler Industries unch at $ 3.60
Linamar Corp. up $ 0.46 at $ 45.50
Maple Leaf Foods up $ 0.33 at $ 25.11
Nutrien Ltd. up $ 0.07 at $ 62.02
Ritchie Bros Auctioneers Inc. dn $ 0.31 at $ 57.39
Rocky Mountain Dealerships Inc. dn $ 0.02 at $ 6.35

(All figures are in Canadian dollars.)

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