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Canadian Financial Close: Loonie higher ahead of Canada Day

By MarketsFarm

WINNIPEG, June 30 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, ahead of the Canada Day Holiday.

The dollar finished the day at US$0.7338 or US$1=C$1.3628, compared to Monday when it closed at US$0.7309 or US$1=C$1.3682.

Global stock indices were stronger, and the United States stock market posted significant gains in the second quarter of 2020, indicating a recovery from the COVID-19 lockdown.

The TSX Composite Index was up 125.50 points to close at 15,515.22.

Benchmark crude oil prices were slightly weaker on the day. West Texas Intermediate (WTI) was down 31 cents to close at US$39.39. Brent Crude was down 57 cents at US$41.14.

Canada’s agricultural sector fared as follows:

Buhler Industries                dn  $ 0.04     at $  2.51
Linamar Corp.                    dn  $ 1.37     at $ 36.70
Maple Leaf Foods                 dn  $ 0.08     at $ 28.51
Nutrien Ltd.                     dn  $ 0.94     at $ 43.62
Ritchie Bros Auctioneers Inc.    up  $ 1.16     at $ 55.27
Rocky Mountain Dealerships Inc.  dn $ 0.06     at $  4.16

(All figures are in Canadian dollars.)

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