Compiled by MarketsFarm
WINNIPEG, April 18 (MarketsFarm) – The Canadian dollar made a small gain on Tuesday, due to declines in the United States dollar while there was little direction from crude oil.
The Canadian dollar closed at US$0.7470 or US$1=C$1.3387, compared to Monday’s close of US$0.7464 or US$1=C$1.3398. On the U.S. Dollar Index, the greenback lost 0.346 of a point at 101.450.
Benchmark crude oil prices held relatively steady on Tuesday, as weaker demand countered forthcoming production cuts by the OPEC+ alliance.
Read Also
Canadian Financial Close: C$ firm Friday
Glacier FarmMedia — The Canadian dollar strengthened Friday, as dovish comments out of the United States Federal Reserve weighed on…
Brent crude oil gave up six cents at US$84.70 per barrel and West Texas Intermediate (WTI) shed two cents at US$80.81/barrel.
Statistics Canada reported inflation in March was 4.3 per cent, down from 5.2 per cent in February. That marked inflation’s lowest level since August 2021.
At Tuesday’s close, the TSX Composite Index tacked on 42.71 points at 20,684.68.
Gold advanced US$10.70 at US$2,017.70 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.28 Farmers Edge Inc. up $0.005 at $ 0.20 Linamar Corp. up $ 0.79 at $ 66.14 Maple Leaf Foods dn $ 0.42 at $ 27.10 Nutrien Ltd. dn $ 1.30 at $ 99.00 Ritchie Bros Auctioneers Inc. up $ 0.38 at $ 79.14
(All figures are in Canadian dollars.)
