By MarketsFarm
WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, seeing some consolidation after Monday’s strength.
The Canadian dollar settled at US$0.7952 or US$1=C$1.2575 on Monday, which compares with Monday’s North American close of US$0.7947 or US$1=C$1.2583.
Canada’s international trade surplus widened to C$1.94 billion in August, according to a report from Statistics Canada, with exports up by 0.8 per cent and imports down 1.4 per cent. The trade surplus came in well above pre-report expectations.
West Texas Intermediate was up by 1.7 per cent, hitting seven-year highs at US$78.94 per barrel.
The TSX Composite Index was stronger, up 131.18 points, or 0.65 per cent, to close at 20,183.43 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————- $ 0.00 at $ 3.21
Linamar Corp.——————–up $ 0.94 at $ 66.52
Maple Leaf Foods—————–up $ 0.83 at $ 26.76
Nutrien Ltd.———————up $ 0.66 at $ 85.91
Ritchie Bros Auctioneers Inc.—-up $ 1.66 at $ 79.80
Farmers Edge Inc.—————-dn $ 0.14 at $ 4.63
(All figures are in Canadian dollars.)
