By MarketsFarm
WINNIPEG, Dec. 20 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, as global currency markets reacted to policy adjustments at the Bank of Japan that weighed on the United States dollar.
The Canadian dollar settled at US$0.7342 or US$1=C$1.3621 on Tuesday, which compares with Monday’s close of US$0.7324 or US$1=C$1.3653.
Canadian retail sales were up by 1.4 per cent in October compared to the previous month, hitting C$62.0 billion, according to a report from Statistics Canada. The sales marked the largest increase in five months, with six out of 11 subsectors reporting gains. Preliminary data for November suggests a 0.5 per cent decrease for the month.
West Texas Intermediate was up by 1.1 per cent at US$76.02 per barrel.
The TSX Composite Index was stronger, up 106.13 points or 0.55 per cent to close at 19,306.89 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 1.80
Linamar Corp.——————–dn $ 0.33 at $ 61.37
Maple Leaf Foods—————–up $ 0.17 at $ 23.72
Nutrien Ltd.———————up $ 0.36 at $ 99.85
Ritchie Bros Auctioneers Inc.—-dn $ 0.49 at $ 73.96
Farmers Edge Inc.—————-up $ 0.04 at $ 0.29
(All figures are in Canadian dollars.)
