WINNIPEG, April 13 (MarketsFarm) – The Canadian dollar was steady at Tuesday’s close, recovering from early weakness relative to its United States counterpart.
The Canadian dollar closed at US$0.7966 or US$1=C$1.2554 on Tuesday, which was unchanged from Monday’s North American close US$0.7966 or US$1=C$1.2553.
Air Canada reached a bailout deal with the federal government on Monday that will see the airline carrier receive C$5.9 billion worth of loans and equity. The Canadian government will buy a five per cent ownership stake in the company and 14.6 million warrants to purchase more shares.
Crude oil was stronger, with West Texas Intermediate crude oil up by 1.19 per cent at US$60.41 per barrel.
The TSX Composite Index was steady, up 2.42 points, or 0.01 per cent, to close at 19,203.70 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.02 at $ 3.63
Linamar Corp.——————–dn $ 2.59 at $ 72.19
Maple Leaf Foods—————–dn $ 0.87 at $ 26.70
Nutrien Ltd.———————dn $ 0.29 at $ 68.15
Ritchie Bros Auctioneers Inc.—-dn $ 0.32 at $ 79.12
Farmers Edge Inc.—————-up $ 0.01 at $ 17.91
(All figures are in Canadian dollars.)