Canadian Financial Close: Loonie follows stock market up – Manitoba Co-operator

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By Commodity News Service Canada

WINNIPEG, April 16 – The Canadian dollar rose Monday,
supported by a gain in the stock market.

The Canadian dollar settled Monday at US$0.7950 or
C$1.2579, compared to Friday’s North American close of US$0.7938
or C$1.2597.

Oil prices were dragged down by a rise in United States
drilling for new production. Brent crude dropped 1.64 per cent
to US$71.39 per barrel.

In Toronto, the TSX/S&P Composite rose Monday, led by
industrial and financial shares, as fears waned of an escalating
conflict in Syria following the weekend’s United States led air
strikes. The TSX/S&P gained 26.41 points, or 0.17 per cent, to
15,300.38.

Canada’s agricultural sector performed as follows:

AGT Food and Ingredients—–up $ 0.03 at $ 16.82
Buhler Industries————unchanged at $ 4.10
Maple Leaf Foods————-up $ 1.36 at $ 32.08
Nutrien Ltd.—————–up $ 0.03 at $ 58.87

(All figures are in Canadian dollars.)

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