WINNIPEG – The Canadian dollar fell on Tuesday along with crude oil prices.
The loonie closed at US$0.7648 or US$1=C$1.3076, down from US$0.7687 or US$1=C$1.3009 on Monday. The United States Dollar Index was virtually unchanged, declining 0.05 of a point to 108.79.
Crude oil prices took a tumble after Iraq’s state marketing company made assurances that oil exports will continue despite violent clashes in Baghdad. Brent crude oil dropped US$5.59 per barrel to US$99.50. West Texas Intermediate (WTI) crude oil lost US$4.90 at US$92.11/barrel. Western Canadian Select (WCS) subtracted US$4.98 per barrel to US$72.00.
Due to losses in the energy and metal sectors, the TSX/S&P Composite Index shed 323.22 points at 19,512.90.
Gold fell US$13.80 at US$1,735.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.17 at $ 2.09
Farmer’s Edge Inc. dn $ 0.01 at $ 0.60
Linamar Corp. up $ 0.40 at $ 62.64
Maple Leaf Foods up $ 0.20 at $ 23.28
Nutrien Ltd. dn $ 5.60 at $123.18
Ritchie Bros Auctioneers Inc. up $ 0.51 at $ 91.36
(All figures are in Canadian dollars.)
