By MarketsFarm
WINNIPEG, Aug. 17 (MarketsFarm) – The Canadian dollar was stronger on Monday, reacting to prolonged weakness in United States currency.
The dollar finished the day at US$0.7572 or US$1=C$1.3207, compared to Friday when it closed at US$0.7547 or US$1=C$1.3250.
Global stock indices were mostly higher on Monday, with gains led by strong performances in the tech sector.
The TSX Composite Index gained 141.51 points to close at 16,656.12.
Benchmark crude oil prices were stronger to start the week. West Texas Intermediate (WTI) was up 60 cents to close at US$41.82. Brent Crude was up 44 cents at US$44.84.
Canada’s agricultural sector fared as follows:
Buhler Int. dn $ 0.10 at $ 2.47
Linamar Corp. dn $ 0.06 at $ 42.44
Maple Leaf Foods dn $ 0.07 at $ 29.53
Nutrien Ltd. up $ 0.50 at $ 51.43
Ritchie Bros Auctioneers Inc. up $ 1.16 at $ 83.66
Rocky Mountain Dealerships Inc. up $ 0.09 at $ 5.00
(All figures are in Canadian dollars.)
