By MarketsFarm
WINNIPEG, Jan. 10 (MarketsFarm) – The Canadian dollar was slightly softer on Tuesday, backing away from the six-week highs relative to its United States counterpart hit the previous session.
The Canadian dollar settled at US$0.7451 or US$1=C$1.3421 on Tuesday, which compares with Monday’s close of US$0.7451 or US$1=C$1.3421.
A speech by U.S. Federal Reserve Chair Jerome Powell did little to move the markets, with the country’s top banker not providing any additional insight into monetary policy in his comments.
Crude oil was slightly firmer, with West Texas Intermediate up by 0.25 per cent at US$74.82 per barrel.
The TSX Composite Index was stronger, up 41.79 points or 0.21 per cent late in the day at 19,898.86 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 1.88
Linamar Corp.——————–up $ 0.41 at $ 63.27
Maple Leaf Foods—————– $ 0.00 at $ 26.25
Nutrien Ltd.———————dn $ 3.11 at $ 99.80
Ritchie Bros Auctioneers Inc.—-up $ 1.31 at $ 79.52
Farmers Edge Inc.—————-dn $ 0.035 at $ 0.255
(All figures are in Canadian dollars.)
