Compiled by MarketsFarm
WINNIPEG, Sept. 26 (MarketsFarm) – The Canadian dollar continued to slide back on Tuesday, coming very close to the 74 U.S. cent mark as the United States dollar bumped up and crude oil prices dipped.
The loonie closed at US$0.7402 or US$1=C$1.3509, compared to Monday’s finish of US$0.7423 or US$1=C$1.3471. On the U.S. Dollar Index, the greenback tacked on 0.190 of a point at 105.880.
Benchmark crude oil prices gained ground on Tuesday, as world supplies were becoming tighter.
Brent crude oil rose 74 cents at US$94.03 per barrel, while West Texas Intermediate was up 91 cents at US$90.59, and Western Canadian Select advanced US$1.08 at US$72.68.
The TSX Composite Index dropped 244.46 points on Tuesday to close at 19,556.15.
Gold fell US$17.70 at US$1,918.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.01 at $ 2.41 Farmers Edge Inc. unchanged at $ 0.175 Linamar Corp. dn $ 1.50 at $ 64.15 Maple Leaf Foods dn $ 1.04 at $ 25.61 Nutrien Ltd. up $ 0.30 at $ 84.23 Ritchie Bros Auctioneers Inc. dn $ 0.80 at $ 84.49
(All figures are in Canadian dollars)
