Compiled by MarketsFarm
WINNIPEG, July 11 (MarketsFarm) – The Canadian dollar pushed upward on Tuesday, gaining ground on losses in the United States dollar and on upticks in global crude oil prices.
The loonie closed at US$0.7541 or US$1=C$1.3260, compared to Monday’s finish of US$0.7528 or US$1=C$1.3284. On the U.S. Dollar Index the greenback was down 0.287 of a point at 101.355.
Benchmark crude oil prices advanced on Tuesday, following China’s announcement of a stimulus package for its sluggish economy and a reduction in crude output from Russia.
Brent crude oil was up US$1.67 at US$79.36 per barrel, while West Texas Intermediate (WTI) added US$1.81 at US$74.80, and Western Canadian Select (WCS) gained US$1.70 at US$63.58.
The TSX Composite Index bumped up 56.11 points on Tuesday to close at 19,878.56.
Gold added US$6.30 at US$1,937.30 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.10 Farmers Edge Inc. up $ 0.01 at $ 0.19 Linamar Corp. up $ 1.38 at $ 71.41 Maple Leaf Foods dn $ 0.35 at $ 25.77 Nutrien Ltd. up $ 0.86 at $ 79.71 Ritchie Bros Auctioneers Inc. up $ 1.23 at $ 80.67
(All figures are in Canadian dollars.)
