Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Feb. 15 (MarketsFarm) – The Canadian dollar was relatively steady on Tuesday, as a decline in the United States dollar helped to neutralize pressure from weaker crude oil prices.
The loonie closed at US$0.7849 or US$1=C$1.2741, compared to Monday’s close of US$0.7851 or US$1=C$1.2738.
On the U.S. Dollar Index, the greenback lost 0.371 of a point at 95.985.
Benchmark crude oil prices took a significant step back on Tuesday, following reports indicating that Russian is removing some of its troops along the border with Ukraine.
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Brent crude oil dropped US$3.32 at US$93.16 per barrel. West Texas Intermediate (WTI) crude oil tumbled US$3.55 at US$91.91 per barrel. Western Canadian Select (WCS) slid back US$2.59 at US$77.64 per barrel.
The TSX Composite Index closed with a gain of 150.04 points on Tuesday, finishing at 21,502.55.
Gold retreated US$15.50 at US$1,853.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.01
Farmers Edge Inc. up $ 0.16 at $ 3.08
Linamar Corp. up $ 0.91 at $ 68.84
Maple Leaf Foods up $ 0.35 at $ 32.31
Nutrien Ltd. up $ 1.30 at $ 94.73
Ritchie Bros Auctioneers Inc. up $ 0.92 at $ 74.00
(All figures are in Canadian dollars.)
