WINNIPEG – The Canadian dollar lost ground on Tuesday, erasing some of Monday’s gains.
The loonie closed at US$0.7328 or US$1=C$1.3647, compared to US$0.7343 or US$1=C$1.3619 on Monday. Statistics Canada (StatCan) reported earlier today that Canada’s annual inflation rate was down 0.2 of a point at 3.8 per cent in September.
The United States Dollar Index was down 0.04 of a point at 106.20.
Crude oil prices were higher on Tuesday after an airstrike on a Gaza City hospital earlier in the day. Brent crude oil was up US$0.66 at US$90.31 per barrel. West Texas Intermediate (WTI) increased US$0.50 to US$87.16/barrel.
The TSX/S&P Composite Index rose 72.00 points to 19,692.80.
Gold added US$0.90 at US$1,935.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. up $ 0.11 at $ 2.51
Farmer’s Edge Inc. up $ 0.005 at $ 0.145
Linamar Corp. up $ 0.09 at $ 65.17
Maple Leaf Foods up $ 0.50 at $ 25.10
Nutrien Ltd. up $ 1.47 at $ 85.00
Ritchie Bros Auctioneers Inc. up $ 0.65 at $ 91.47
(All figures are in Canadian dollars.)
