By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened on Tuesday, as currency traders adjusted positions ahead of United States inflation data out on Wednesday.
The Canadian dollar settled at US$0.7324 or US$1=C$1.3653 on Tuesday, which compares with Monday’s close of US$0.7314 or US$1=C$1.3672.
Canadian wholesale sales fell by 1.1 per cent in March to C$81.4 billion, with the largest losses in the motor vehicle sector, according to a report from Statistics Canada. On an annual basis, wholesale sales were down by 0.4 per cent.
West Texas Intermediate crude oil was weaker, down 1.24 per cent at US$78.15 per barrel.
The TSX Composite Index was down by 15.83 points to close at 22,243.34 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.17
Linamar Corp.——————–dn $ 0.17 at $ 71.66
Maple Leaf Foods—————–up $ 0.38 at $ 24.24
Nutrien Ltd.———————up $ 0.61 at $ 78.49
RB Global Inc.——————-dn $ 1.64 at $104.09
Farmers Edge Inc.—————- $ 0.00 at $ 0.345
(All figures are in Canadian dollars.)
