By MarketsFarm
WINNIPEG (MarketsFarm) – The Canadian dollar held relatively steady on Tuesday, posting a slight decline relative to its United States counterpart seeing some consolidation after Monday’s rally.
The Canadian dollar settled at US$0.7437 or US$1=C$1.3447 on Tuesday, which compares with Monday’s close of US$0.7442 or US$1=C$1.3438.
An estimated C$10.7 billion worth of building permits were issued in Canada in February, an 8.6 per cent increase from the previous month, according to a report from Statistics Canada.
Crude oil held rangebound as market participants continued to digest news that OPEC+ members intend on cutting output starting in May.
West Texas Intermediate crude oil was up by 0.2 per cent at US$80.57 per barrel.
The TSX Composite Index was down by 2.52 points or 0.01 per cent to close at 20,275.76 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.20
Linamar Corp.——————–dn $ 0.91 at $ 63.30
Maple Leaf Foods—————–up $ 0.45 at $ 25.74
Nutrien Ltd.———————dn $ 1.18 at $ 98.30
Ritchie Bros Auctioneers Inc.—-dn $ 0.32 at $ 75.29
Farmers Edge Inc.—————-up $ 0.02 at $ 0.235
(All figures are in Canadian dollars.)
