Glacier FarmMedia MarketsFarm – The Canadian dollar took another step back on Tuesday.
The loonie closed at US$0.7364 or US$1=C$1.3579, compared to US$0.7385 or US$1=C$1.3541 on Monday. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday with many observers predicting it will remain unchanged.
The United States Dollar Index was up 0.25 of a point at 103.96.
Crude oil had another day of losses on Tuesday. Brent crude oil dropped US$0.78 at US$77.25 per barrel. West Texas Intermediate (WTI) was lower by US$0.63 to US$72.41/barrel.
The TSX/S&P Composite Index retreated 34.28 points to end the day at 20,375.93.
Gold shed US$4.90 at US$2,037.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.40
Farmer’s Edge Inc. unchanged at $ 0.24
Linamar Corp. dn $ 1.73 at $ 57.39
Maple Leaf Foods dn $ 0.37 at $ 24.29
Nutrien Ltd. dn $ 0.96 at $ 72.53
RB Global Inc. dn $ 1.44 at $ 86.17
(All figures are in Canadian dollars.)
