By MarketsFarm
WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar settled near unchanged on Tuesday, with updated inflation data doing little to move the market.
The Canadian dollar settled at US$0.7582 or US$1=C$1.3190 on Tuesday, which compares with Monday’s close of US$0.7583 or US$1=C$1.3187.
Canada’s consumer price index was up by 2.8 per cent annually in June, seeing a slowdown from the 3.4 per cent reading the previous month, according to a report from Statistics Canada. Gasoline prices were down by 21.6 per cent year-over-year, while grocery prices were up by 9.1 per cent.
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Canada’s industrial product price index dipped by 0.6 per cent in June compared to the previous month, losing 5.5 per cent annually. The raw materials price index was down by 1.5 per cent monthly and 19.7 per cent lower compared with June 2022.
West Texas Intermediate was up by 2.06 per cent at US$75.68 per barrel.
The TSX Composite Index was stronger, gaining 149.78 points or 0.74 per cent to close at 20,376.57 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.18
Linamar Corp.——————–up $ 1.06 at $ 75.76
Maple Leaf Foods—————–up $ 0.46 at $ 26.95
Nutrien Ltd.———————up $ 3.07 at $ 83.01
Ritchie Bros Auctioneers Inc.—-up $ 1.05 at $ 82.57
Farmers Edge Inc.—————-dn $ 0.03 at $ 0.19
(All figures are in Canadian dollars.)
