By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar posted a modest gain on Tuesday, the day before United States President Donald Trump imposed tariffs of up to 20 per cent on imports from most other countries.
The loonie closed Tuesday at US$0.6970 or US$1=C$1.4348, compared to Monday’s finish of US$0.6956 or US$1=C$1.4376. On the U.S. Dollar Index, the greenback tacked on 0.027 of a point at 103.910.
Benchmark crude oil prices eased back on Tuesday, as incoming U.S. levies countered concerns over reduced supplies.
Brent crude oil slipped 31 cents at US$74.46 per barrel and West Texas Intermediate gave up 26 cents at US$71.22.
The TSX Composite Index rose 115.78 points on Tuesday, closing at 25,033.28.
Gold nudged up 80 cents at US$3,151.10 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 7.29 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. dn $ 0.03 at $ 49.82 Maple Leaf Foods up $ 0.08 at $ 25.15 Nutrien Ltd. dn $ 0.49 at $ 70.93 RB Global Inc. dn $ 0.76 at $143.67
(All figures are in Canadian dollars)
