WINNIPEG – The Canadian dollar fell below the 73 United States cent mark on Tuesday.
The loonie closed at US$0.7293 or US$1=C$1.3711, compared to US$0.7396 or US$1=C$1.3520 on Friday. While the Bank of Canada (BoC) did not post a closing exchange rate on Monday due to the National Day For Truth And Reconciliation, that afternoon the rate was at US$0.7312 or US$1=C$1.3676.
The United States Dollar Index added 0.12 of a point at 107.03, but was at 107.35 earlier in the day, its highest level since November.
Crude oil bounced back a little after heavy losses on Monday. Brent crude oil gained US$0.39 at US$91.10 per barrel. West Texas Intermediate (WTI) increased US$0.72 to US$89.54/barrel.
The TSX/S&P Composite Index had another down day, falling 156.26 points to 19,020.92.
Gold lost US$7.30 at US$1,839.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.22 at $ 2.31
Farmer’s Edge Inc. dn $ 0.005 at $ 0.155
Linamar Corp. dn $ 0.55 at $ 64.65
Maple Leaf Foods dn $ 0.57 at $ 25.43
Nutrien Ltd. dn $ 3.46 at $ 78.40
Ritchie Bros Auctioneers Inc. dn $ 0.94 at $ 84.50
(All figures are in Canadian dollars.)
