WINNIPEG – The Canadian dollar was relatively steady near the end of close on Tuesday following the long weekend.
The loonie was at US$0.7404 or US$1=C$1.3506 late Tuesday, compared to US$0.7406 or US$1=C$1.3503 on Friday. The Bank of Canada (BoC) did not post an exchange rate on Monday due to the Victoria Day holiday.
The United States Dollar Index increased 0.34 of a point at 103.54.
Crude oil jumped on Tuesday as negotiations continue between U.S. Democratic and Republican lawmakers to raise the country’s debt ceiling. Brent crude oil added US$1.07 per barrel at US$77.06. West Texas Intermediate (WTI) advanced US$1.09 at US$73.14/barrel.
The TSX/S&P Composite Index fell 205.05 points to 20,146.01.
Gold was down US$0.20 at US$1,977.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.03
Farmer’s Edge Inc. dn $ 0.125 at $ 0.185
Linamar Corp. dn $ 0.25 at $ 64.90
Maple Leaf Foods dn $ 0.86 at $ 26.13
Nutrien Ltd. dn $ 2.34 at $ 81.39
Ritchie Bros Auctioneers Inc. up $ 1.52 at $ 77.13
(All figures are in Canadian dollars.)
