WINNIPEG – The Canadian dollar was virtually unchanged on Tuesday despite gaining ground on the United States dollar earlier in the day.
The loonie closed at US$0.7357 or US$1=C$1.3593 on Tuesday, compared to US$0.7355 or US$1=C$1.3596 on Monday.
The U.S. Dollar Index lost 0.63 of a point at 103.43.
Crude oil jumped on Tuesday, supported by new economic measures implemented in China.
Brent crude oil was up US$1.07 at US$85.49 per barrel. West Texas Intermediate (WTI) was US$1.14 higher at US$81.24/barrel.
The TSX/S&P Composite Index had another big day on the markets, rising 265.27 points at 20,290.41.
Gold surged US$18.70 at US$1,965.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.52
Farmer’s Edge Inc. dn $ 0.01 at $ 0.18
Linamar Corp. up $ 1.22 at $ 70.90
Maple Leaf Foods up $ 0.57 at $ 29.52
Nutrien Ltd. up $ 1.78 at $ 86.67
Ritchie Bros Auctioneers Inc. up $ 0.43 at $ 82.47
(All figures are in Canadian dollars.)
