Canadian Financial Close: Loonie unchanged, TSX falls

WINNIPEG – The Canadian dollar stayed flat on Tuesday just one day before Statistics Canada releases its inflation data for August.

The loonie was at US$0.7898 or US$1=C$1.2661 on Tuesday. Meanwhile, the United States Dollar Index was down 0.03 of a point at 92.65.

Benchmark crude oil prices were mixed on Tuesday. Brent crude oil increased US$0.12 per barrel to US$73.63. West Texas Intermediate (WTI) crude oil was down two cents to US$70.43/barrel. Meanwhile, Western Canadian Select (WCS) crude oil dropped US$0.36 to US$58.61/barrel.

Due to inflation fears on both sides of the Canada/U.S. border, the TSX/S&P Composite Index fell 113.16 points at 20,553.25.

The stock markets’ losses were gold’s gain as it jumped US$11.23 per ounce to US$1,804.98.

Canada’s agricultural sector fared as follows:

Buhler Industries unchanged at $ 3.23
Farmer’s Edge Inc. dn $ 0.09 at $ 4.76
Linamar Corp. dn $ 0.03 at $ 68.64
Maple Leaf Foods up $ 0.03 at $ 27.00
Nutrien Ltd. dn $ 1.37 at $ 77.42
Ritchie Bros Auctioneers Inc. dn $ 0.40 at $ 80.26

(All figures are in Canadian dollars.)

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