Compiled by MarketsFarm
WINNIPEG, Nov. 21 (MarketsFarm) – The Canadian dollar bumped up on Tuesday, shortly after Canadian deputy prime minister and finance minister Chrystia Freeland presented the federal government’s fall fiscal update.
The loonie closed at US$0.7300 or US$1=C$1.3698, compared to Monday’s finish of US$0.7285 or US$1=C$1.3726. On the U.S. Dollar Index, the greenback nudged up 0.153 of a point at 103.470.
Freeland stated in the House of Commons plans to spend an additional C$20.8 billion over six years, with focus on affordable housing as well as on clean energy transition.
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Earlier on Tuesday, Statistics Canada reported inflation in October slipped 3.1 per cent compared to 3.8 per cent in September.
Benchmark crude oil prices were narrowly mixed on Tuesday, as the market bided its time ahead of Sunday’s OPEC+ meeting.
Brent crude oil added 15 cents at US$82.47 per barrel, and West Texas Intermediate shed a penny at US$77.82.
The TSX Composite Index lost 136.50 points on Tuesday to close at 20,109.97.
Gold jumped US$20.20 at US$2,000.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.02 at $ 2.22 Farmers Edge Inc. up $ 0.005 at $ 0.24 Linamar Corp. dn $ 1.66 at $ 57.66 Maple Leaf Foods dn $ 1.15 at $ 24.50 Nutrien Ltd. dn $ 0.83 at $ 77.10 Rb Global Inc. dn $ 0.77 at $ 84.32
(All figures are in Canadian dollars)
