WINNIPEG, June 8 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, as investors adjusted positions ahead of the Bank of Canada’s next interest rate decision on Wednesday.
The Canadian dollar closed at US$0.8267 or US$1=C$1.2097 on Tuesday, which compares with Monday’s North American close of US$0.8283 or US$1=C$1.2073.
In domestic data, Canada posted a surprising trade surplus of C$594 million in April, according to a report from Statistics Canada. Average pre-report expectations had been for a deficit of around C$700 million.
Crude oil was stronger, with West Texas Intermediate up by 1.18 per cent at US$70.02 per barrel.
The TSX Composite Index was stronger, up 30.62 points, or 0.15 per cent, to close at 20,065.92 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.02 at $ 3.42
Linamar Corp.——————–up $ 0.07 at $ 83.04
Maple Leaf Foods—————–dn $ 0.24 at $ 26.40
Nutrien Ltd.———————up $ 0.27 at $ 78.18
Ritchie Bros Auctioneers Inc.—-up $ 0.68 at $ 70.85
Farmers Edge Inc.—————-up $ 0.16 at $ 11.85
(All figures are in Canadian dollars.)