WINNIPEG – The Canadian dollar made a slight gain on Tuesday.
The loonie closed at US$0.7479 or US$1=C$1.3370, up from US$0.7473 or US$1=C$1.3382 on Monday. The Bank of Canada (BoC) is expected to raise its key interest rate on Wednesday.
The United States Dollar Index lost 0.19 of a point at 101.95.
Crude oil prices tumbled on Tuesday as they were pressured by disappointing earnings reports from multiple U.S. companies. Brent crude oil dropped US$2.01 per barrel to US$86.18. Meanwhile, West Texas Intermediate (WTI) fell US$1.52 at US$81.64/barrel. Western Canadian Select (WCS) lost US$1.69/barrel to US$56.88.
The TSX/S&P Composite Index was virtually unchanged, down 2.03 points to 20,629.55.
Gold was up US$9.90 at US$1,938.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.18 at $ 2.14
Farmer’s Edge Inc. up $ 0.01 at $ 0.27
Linamar Corp. dn $ 0.93 at $ 63.62
Maple Leaf Foods up $ 0.05 at $ 25.35
Nutrien Ltd. dn $ 0.53 at $105.27
Ritchie Bros Auctioneers Inc. dn $ 3.60 at $ 78.57
(All figures are in Canadian dollars.)
