By MarketsFarm
WINNIPEG, March 16 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, hitting its strongest levels in three years relative to its United States counterpart. Positioning in the currency markets ahead of an upcoming U.S. Federal Reserve interest rate decision accounted for some of the activity.
The Canadian dollar was trading at US$0.8035 or US$1=C$1.2446 late Tuesday, which compares with Monday’s North American close US$0.8013 or US$1=C$1.2480.
Crude oil was softer on Tuesday, with West Texas Intermediate crude oil down by 0.69 per cent at US$64.95 per barrel.
The TSX Composite Index was lower, falling 80.74 points, or 0.43 per cent, to close at 18,874.01 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.18 at $ 3.11
Linamar Corp.——————–dn $ 3.01 at $ 78.54
Maple Leaf Foods—————–up $ 0.51 at $ 27.45
Nutrien Ltd.———————dn $ 1.12 at $ 72.20
Ritchie Bros Auctioneers Inc.—-dn $ 1.01 at $ 70.46
Farmers Edge Inc.—————-dn $ 0.25 at $ 17.70
(All figures are in Canadian dollars.)
