By MarketsFarm
WINNIPEG, Aug. 18 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, due to prolonged weakness in United States currency.
The dollar finished the day at US$0.7593 or US$1=C$1.3170, compared to Monday when it closed at US$0.7572 or US$1=C$1.3207.
Former foreign affairs minister and current deputy prime minister Chrystia Freeland will be Canada’s new finance minister, following Bill Morneau’s resignation yesterday.
The TSX Composite Index lost 30.06 points to close at 16,626.06.
Benchmark crude oil prices were weaker on Tuesday. West Texas Intermediate (WTI) was down 30 cents to close at US$42.59. Brent Crude was down 28 cents at US$45.09.
Canada’s agricultural sector fared as follows:
Buhler Int. dn $ 0.10 at $ 2.47
Linamar Corp. dn $ 0.20 at $ 42.24
Maple Leaf Foods up $ 0.07 at $ 29.60
Nutrien Ltd. up $ 0.70 at $ 51.13
Ritchie Bros Auctioneers Inc. dn $ 0.99 at $ 82.67
Rocky Mountain Dealerships Inc. up $ 0.01 at $ 5.01
(All figures are in Canadian dollars.)
