WINNIPEG – The Canadian dollar was relatively steady on Tuesday, still short of the 75 United States cent mark.
The loonie closed at US$0.7493 or US$1=C$1.3345, down from US$0.7495 or US$1=C$1.3343 on Monday. The U.S. Dollar Index lost 0.11 of a point at 103.24.
Crude oil prices were lower after the U.S. released some of its inventory from its strategic petroleum reserves into the market. Brent crude oil was down US$0.97 per barrel to US$85.64. West Texas Intermediate (WTI) fell US$1.01 at US$79.13/barrel. Western Canadian Select (WCS) retreated US$0.28/barrel to US$60.71.
The TSX/S&P Composite Index added 2.56 points to 20,704.79.
Gold was up US$1.90 at US$1,865.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.02 at $ 2.23
Farmer’s Edge Inc. up $ 0.02 at $ 0.30
Linamar Corp. up $ 0.17 at $ 73.55
Maple Leaf Foods dn $ 0.17 at $ 26.13
Nutrien Ltd. dn $ 2.16 at $102.68
Ritchie Bros Auctioneers Inc. dn $ 0.25 at $ 85.37
(All figures are in Canadian dollars.)
