By MarketsFarm
WINNIPEG, Nov. 26 (MarketsFarm) – The Canadian dollar finished stronger on Tuesday, remaining just over 75 cents.
The dollar finished the day at US$0.7526 or US$1=C$1.3288, compared to Monday when it closed at US$0.7515 or US$1=C$1.3307.
The Dow, NASDAQ and S&P 500 finished at record highs, driven partially by strong performances in the finance, retail, and technology sectors. While daily gains were modest, they were enough to push closing values to break records. Investors were encouraged by positive signals regarding the trade deal between the United States and China.
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The TSX Composite Index closed higher by 3.03 points at 17,035.88. The S&P 500 gained 6.84 to close at 3,140.49. The Dow Jones was up by 55.15 to finish at 28,121.61. The NASDAQ was up 15.44 to finish at 8,647.93.
Benchmark oil prices were stronger, also due to the positive sentiment regarding a trade deal. Brent crude oil was up by 62 cents to close at US$64.27 per barrel. West Texas Intermediate (WTI) crude oil was up by 35 cents to close at US$58.36 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.03 at $ 3.63
Linamar Corp. up $ 0.73 at $ 43.54
Maple Leaf Foods up $ 0.89 at $ 23.29
Nutrien Ltd. dn $ 0.85 at $ 63.09
Ritchie Bros Auctioneers Inc. up $ 0.81 at $ 56.42
Rocky Mountain Dealerships Inc. dn $ 0.18 at $ 6.55
(All figures are in Canadian dollars.)
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