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Canadian Financial Close: Dollar stronger to start the week

By MarketsFarm

WINNIPEG, Nov. 30 (MarketsFarm) – The Canadian dollar was slightly stronger at Monday’s close, remaining near highs for the year.

The dollar finished the day at US$0.7713 or US$1=C$1.2965, compared to Friday when it closed at US$0.7701 or US$1=C$1.2985.

Canada’s main stock index was slightly lower following new proposals from the Canadian government. The new economic update proposes C$25 billion in support for Canadian businesses and workers during the COVID-19 pandemic. The government also proposed an extra child-benefit payment for families next year.

The TSX closed down by 206.31 points at 17,190.25.

Benchmark crude oil indices were also lower on the day. West Texas Intermediate (WTI) was down by 40 cents to close at US$45.13. Brent Crude lost 59 cents at US$47.59.

Canada’s agricultural sector fared as follows:

Buhler Int.                  unchanged      at $ 2.50
Linamar Corp.                    dn $ 0.15     at $ 59.82
Maple Leaf Foods                 up $ 0.03     at $ 26.47
Nutrien Ltd.                     dn  $ 0.20     at $ 64.10
Ritchie Bros Auctioneers Inc.    up  $ 4.72     at $ 93.41
Rocky Mountain Dealerships Inc.  dn $ 0.01     at $  7.15

(All figures are in Canadian dollars.)

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