Canadian Financial Close: Loonie stays put, crude oil rises

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Published: November 15, 2022

WINNIPEG – The Canadian dollar was left mostly unchanged on Tuesday.

The loonie closed at US$0.7524 or US$1=C$1.3290, down from US$0.7526 or US$1=C$1.3288 on Monday. Earlier today, Statistics Canada (StatCan) reported that manufacturing sales were unchanged in October at C$70.4 billion.

The United States Dollar Index declined 0.16 of a point at 106.50.

Crude oil prices made gains on Tuesday. Brent crude oil increased US$0.64 per barrel to US$93.78. West Texas Intermediate (WTI) crude oil jumped US$1.01 at US$86.88/barrel. Western Canadian Select (WCS) climbed up US$1.64/barrel to US$58.17.

The TSX/S&P Composite Index added 72.97 points to 19,994.78.

Gold increased US$5.10 at US$1,782.00 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  1.85

Farmer’s Edge Inc.               unchanged      at $  0.36

Linamar Corp.                    up  $ 2.15     at $ 63.97

Maple Leaf Foods                 up  $ 0.43     at $ 24.23

Nutrien Ltd.                     up  $ 2.08     at $105.65

Ritchie Bros Auctioneers Inc.    up  $ 0.75     at $ 75.27

(All figures are in Canadian dollars.)

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