Canadian Financial Close: C$ steady

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar held steady on Monday, as support from gains in energy markets was countered by uncertainty over looming interest rate cuts from the Bank of Canada.

The Canadian dollar settled at US$0.7368 or US$1=C$1.3572 on Tuesday, which compares with Monday’s close of US$0.7367 or US$1=C$1.3574.

West Texas Intermediate crude oil was up by 1.56 per cent at US$81.89 per barrel.

Gold climbed to a record high on Tuesday, rising US$39.90 per ounce to settle at US$2,276.40 per ounce.

The TSX Composite Index was down by 110.15 points to close at 22,075.10 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-dn  $ 0.21    at $  2.09

Linamar Corp.——————–up  $ 0.48    at $ 71.69

Maple Leaf Foods—————–up  $ 0.01    at $ 22.42

Nutrien Ltd.———————dn  $ 0.40    at $ 74.13

RB Global Inc.——————-dn  $ 0.89    at $103.20

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

(All figures are in Canadian dollars.)