Canadian Financial Close: Oil and stock market lead loonie up – Grainews

By Commodity News Service Canada

WINNIPEG, April 17 – The Canadian dollar rose Monday,
supported by gains in the stock market and price of oil.

The Canadian dollar settled Monday at US$0.7967 or
C$1.2552, compared to Monday’s North American close of US$0.7950
or C$1.2579.

Oil prices rose Tuesday, supported by the possibility of
supply disruptions and a strong equities market offsetting the
effects of profit-taking following last week’s rally to three-
year highs. Brent crude gained 16 cents to settle at US$71.58
per barrel.

In Toronto, the TSX/S&P Composite rose to a 12-day high
Tuesday, led by gains for technology and energy shares. The
TSX/S&P added 52.92 points, or 0.35 per cent, to 15,353.30.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–dn $ 0.37 at $ 16.45
Buhler Industries————unchanged at $ 4.10
Maple Leaf Foods————-dn $ 1.38 at $ 30.80
Nutrien Ltd.—————–up $ 0.20 at $ 59.07

(All figures are in Canadian dollars.)

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