Compiled by MarketsFarm
WINNIPEG, Sept. 5 (MarketsFarm) – The Canadian dollar fell back on Tuesday, as trading in the currency resumed after the Labour Day long weekend.
The loonie closed at US$0.7338 or US$1=C$1.3627, compared to Friday’s finish of US$0.7364 or US$1=C$1.3580. On the U.S. Dollar Index, the greenback advanced 0.574 of a point at 104.765.
Benchmark crude oil prices were higher on Tuesday as Saudi Arabia and Russia announced they will continue their production cuts to the end of 2023.
Brent crude oil added 99 cents at US$89.99 per barrel, while West Texas Intermediate gained US$1.12 at US$86.67. Meanwhile, Western Canadian Select tacked on 94 cents at US$68.83.
The TSX Composite Index declined 131.60 points on Tuesday at 20,413.76.
Gold dropped US$15.50 at US$1,951.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.63 Farmers Edge Inc. dn $ 0.01 at $ 0.18 Linamar Corp. dn $ 0.47 at $ 70.96 Maple Leaf Foods up $ 0.21 at $ 29.21 Nutrien Ltd. dn $ 0.34 at $ 87.50 Ritchie Bros Auctioneers Inc. up $ 3.11 at $ 87.87
(All figures are in Canadian dollars)
