Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 20 (MarketsFarm) – The Canadian dollar was lower on Tuesday, as the United States dollar gained a bit of ground and crude oil prices pulled back.
The loonie finished at US$0.7954 or US$1=C$1.2572, compared to Monday’s close of US$0.7988 or US$1=C$1.2519.
On the U.S. Dollar Index, the greenback rose 0.155 at 91.205 points.
Benchmark crude oil prices turned lower on Tuesday as concerns over the global surge of new cases of COVID-19 hurting demand weighed on values. The shutdown of the Libyan port of Hariga tempered those losses.
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Brent crude oil was down 57 cents at US$66.48 per barrel. West Texas Intermediate (WTI) crude oil lost 94 cents at US$62.44/barrel. Western Canadian Select (WCS) dropped US$1.08 at US$50.71/barrel.
The TSX Composite Index fell back 163.64 points on Tuesday to finish at 19,040.78.
Gold gained US$7.90 at US$1,778.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.79
Farmers Edge Inc. dn $ 0.33 at $ 17.60
Linamar Corp. dn $ 1.16 at $ 72.67
Maple Leaf Foods up $ 0.43 at $ 28.49
Nutrien Ltd. dn $ 0.98 at $ 66.62
Ritchie Bros Auctioneers Inc. up $ 0.25 at $ 78.69
(All figures are in Canadian dollars.)
