WINNIPEG, March 1 (MarketsFarm) – The Canadian dollar saw an increase today as bond yields jumped, a new COVID-19 vaccine may be authorized in weeks, and a Statistics Canada report showed that Canada’s account deficit was C$7.3 billion in the fourth quarter of 2020, compared to C$10.5 billion in the third quarter.
The loonie finished at US$0.7898 or US$1=C$1.2661, compared to Friday’s close of US$0.7883 or US$1=C$1.2686. On the U.S. Dollar Index, the greenback inched upward by 0.16 at 91.040 points.
Benchmark crude oil prices slightly decreased on Monday under speculation Chinese crude oil consumption is slowing down.
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Brent crude oil fell by US$0.98 at US$63.44 per barrel. West Texas Intermediate (WTI) crude oil stumbled by US$1.07 at US$60.43/barrel. Western Canadian Select (WCS) crude oil dropped by US$1.78 at US$48.90/barrel.
The TSX Composite Index jumped on Monday, moving up by 239.36 to close at 18,299.62.
Gold fell by US$7.36 at US$1,726.68 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.06
Linamar Corp. up $ 2.93 at $ 74.04
Maple Leaf Foods dn $ 0.25 at $ 26.13
Nutrien Ltd. up $ 1.71 at $ 70.40
Ritchie Bros Auctioneers Inc. dn $ 0.62 at $ 68.83
(All figures are in Canadian dollars.)
