Canadian Financial Close: C$ firm Tuesday

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar strengthened relative to its United States counterpart on Tuesday, although lost ground to other international currencies. Positioning ahead of updated consumer price index data from the U.S. due out on Wednesday accounted for some of the activity.

The Canadian dollar settled at US$0.7287 or US$1=C$1.3723 on Monday, which compares with Monday’s close of US$0.7279 or US$1=C$1.3738.

Crude oil was weaker, with West Texas crude oil down by

1.99 per cent at US$78.47 per barrel.

The TSX Composite Index gained 219.25 points to close at 22,618.18 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-    $ 0.00    at $  2.05

Linamar Corp.——————–up  $ 2.32    at $ 62.47

Maple Leaf Foods—————–up  $ 0.18    at $ 22.91

Nutrien Ltd.———————up  $ 0.27    at $ 63.75

RB Global Inc.——————-up  $ 0.61    at $107.91

Farmers Edge Inc.—————-    $ 0.00    at $  0.345

(All figures are in Canadian dollars.)