By MarketsFarm
WINNIPEG, April 25 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and broad ‘risk-off’ sentiment in global financial markets weighed on the currency.
The Canadian dollar settled at US$0.7341 or US$1=C$1.3623 on Tuesday, which compares with Monday’s close of US$0.7384 or US$1=C$1.3542.
The Bank of Canada is set to release the minutes of its latest monetary policy meetings on Wednesday and investors will be reading closely for signs of any future rate adjustments.
Crude oil was pressured by demand uncertainty, with West Texas Intermediate down by 1.98 per cent at US$77.20 per barrel.
The TSX Composite Index lost 236.87 points or 1.15 per cent to close at 20,439.87 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.15 at $ 2.35
Linamar Corp.——————–dn $ 0.84 at $ 63.08
Maple Leaf Foods—————–dn $ 0.13 at $ 27.22
Nutrien Ltd.———————dn $ 1.64 at $ 94.77
Ritchie Bros Auctioneers Inc.—-dn $ 1.35 at $ 77.21
Farmers Edge Inc.—————-dn $ 0.025 at $ 0.175
(All figures are in Canadian dollars.)
