Compiled by MarketsFarm
WINNIPEG, Aug. 1 (MarketsFarm) – The Canadian dollar was pulled lower on Tuesday by a stronger United States dollar and lower crude oil prices.
The loonie closed at US$0.7524 or US$1=C$1.3291, compared to Monday’s finish of US$0.7589 or US$1=C$1.3177. On the U.S. Dollar Index, the greenback advanced 0.404 of a point at 102.030.
Benchmark crude oil prices eased back on Tuesday, due to that stronger U.S. dollar plus an off-risk sentiment in the market. However, reduced supplies limited further declines.
Brent crude oil slipped 19 cents at US$85.24 per barrel and West Texas Intermediate shed seven cents at US$81.73. Meanwhile, Western Canadian Select gave up US$1.13 at US$67.01.
The TSX Composite Index lost 93.71 points on Tuesday to close at 20,532.93.
Gold plummeted US$27.10 at US$1,982.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.12 Farmers Edge Inc. dn $ 0.02 at $ 0.21 Linamar Corp. up $ 1.55 at $ 78.07 Maple Leaf Foods dn $ 0.03 at $ 27.49 Nutrien Ltd. dn $ 1.77 at $ 89.10 Ritchie Bros Auctioneers Inc. up $ 1.18 at $ 86.34
(All figures are in Canadian dollars)
