Canadian Financial Close: C$ steady

Glacier FarmMedia | MarketsFarm — The Canadian dollar held steady relative to its United States counterpart on Tuesday.

The Canadian dollar settled at US$0.7232 or US$1=C$1.3827, which compares with Monday’s close of US$0.7236 or US$1=C$1.3820.

Canada’s Industrial Product Price Index was up 0.5 per cent in March compared to the previous month, posting an annual increase of 4.7 per cent, reported Statistics Canada. Meanwhile, the country’s Raw Materials Price Index declined 1.0 per cent on the month but was still up 3.9 per cent from the same time a year ago.

Crude oil was stronger, with West Texas crude oil up by 1.78 per cent at US$64.20 per barrel.

The TSX Composite Index gained 297.12 points to close at 24,305.98 points.