By MarketsFarm
WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar closed slightly lower on Monday, as crude futures receded and stock markets showed strength.
The dollar finished the day at US$0.7664 or US$1=C$1.3048, compared to Friday when it closed at US$0.7662 or US$1=C$1.3051.
Stock markets finished in the green, with technology shares posting notable gains. The S&P 500 and the NASDAQ both closed at all-time highs, following the Dow Jones which broke over 29,000 points for the first time in history on Friday.
Read Also
Canadian Financial Close: Crude oil down, TSX rises
Glacier FarmMedia | MarketsFarm – The Canadian dollar uncovered some upside on Thursday as tariff threats from United States President Donald Trump…
The TSX Composite Index closed higher by 56.23 points at 17,003.13. The S&P 500 gained 0.31 to close at 3,169.03. The Dow Jones was up by 7.54 to finish at 28,140.41. The NASDAQ was up 18.08 to finish at 8,735.47.
Benchmark oil prices hit their lowest levels in over a month following dissipating geopolitical tension in the Middle East. Brent crude oil was 77 cents lower, closing at US$64.21 per barrel. West Texas Intermediate (WTI) crude oil was down by 98 cents to close at US$58.06 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.14 at $ 2.79
Linamar Corp. dn $ 0.31 at $ 47.35
Maple Leaf Foods dn $ 0.24 at $ 24.84
Nutrien Ltd. up $ 1.08 at $ 62.72
Ritchie Bros Auctioneers Inc. up $ 1.06 at $ 58.13
Rocky Mountain Dealerships Inc. up $ 0.08 at $ 6.85
(All figures are in Canadian dollars.)
END
