WINNIPEG – The Canadian dollar slightly increased on Monday on the heels of good economic data from Statistics Canada.
The loonie was at US$0.8284 or US$1=C$1.2072 on Monday, up from Friday’s close at US$0.8274 or US$1=C$1.2086. Meanwhile, the United States Dollar Index declined by 0.18 points to 89.85 as markets in the U.S. were closed for Memorial Day. Canada’s current account balance reported a surplus of C$1.2 billion in the first quarter, its first surplus since 2008, according to Statistics Canada.
Benchmark crude oil prices were mixed on Monday. Brent crude oil gained US$0.60 per barrel to US$69.32. West Texas Intermediate (WTI) crude oil rose by US$0.59 to US$66.91/barrel. The price for Western Canadian Select (WCS) crude oil was unavailable.
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The TSX Composite Index reached a record-high on Monday before settling below Friday’s close, down 121.19 points to 19,730.99.
Gold edged upward by US$3.10 to US$1,906.87 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.10 at $ 3.52
Farmer’s Edge Inc. up $ 0.04 at $ 10.01
Linamar Corp. up $ 1.01 at $ 80.10
Maple Leaf Foods dn $ 0.13 at $ 26.60
Nutrien Ltd. dn $ 0.77 at $ 74.36
Ritchie Bros Auctioneers Inc. dn $ 0.72 at $ 71.44
(All figures are in Canadian dollars.)
