By MarketsFarm
WINNIPEG, Oct. 10 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, rebalancing with its United States counterpart after Canadian markets were closed Monday for Thanksgiving.
The Canadian dollar settled at US$0.7358 or US$1=C$1.3591 on Tuesday, which compares with Friday’s close of US$0.7308 or US$1=C$1.3683.
The conflict between Hamas and Israel caused crude oil bids to jump higher on Monday while Canadian markets were closed for Thanksgiving. While oil gave back some of those gains on Tuesday, it was still stronger overall.
West Texas Intermediate down by 0.65 per cent from Monday’s close at US$85.82 per barrel.
The TSX Composite Index was stronger, gaining 255.13 points to close at 19,501.20 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.13 at $ 2.37
Linamar Corp.——————–up $ 1.33 at $ 66.85
Maple Leaf Foods—————–up $ 0.08 at $ 26.13
Nutrien Ltd.———————up $ 3.88 at $ 84.13
Ritchie Bros Auctioneers Inc.—-up $ 1.97 at $ 91.28
Farmers Edge Inc.—————-dn $ 0.005 at $ 0.15
(All figures are in Canadian dollars.)
