WINNIPEG, Aug. 22 (MarketsFarm) – The Canadian dollar dipped by a small amount on Tuesday.
The loonie closed at US$0.7381 or US$1=C$1.3549 on Tuesday, compared to US$0.7384 or US$1=C$1.3543 on Monday. The United States Dollar Index bumped up 0.31 of a point at 103.61, one of its highest levels since June.
Crude oil was down due to supply increases as well as demand concerns in China.
Brent crude oil declined US$0.40/barrel at US$84.06. West Texas Intermediate (WTI) dropped US$0.37 at US$80.35/barrel.
The TSX/S&P Composite Index fell 93.66 points at 19,691.21.
Gold added US$3.30 at US$1,926.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.48
Farmer’s Edge Inc. unchanged at $ 0.19
Linamar Corp. up $ 0.16 at $ 69.02
Maple Leaf Foods dn $ 0.24 at $ 28.96
Nutrien Ltd. dn $ 1.79 at $ 81.84
Ritchie Bros Auctioneers Inc. up $ 1.23 at $ 78.60
(All figures are in Canadian dollars.)
