Canadian Financial Close: C$ strengthens Tuesday

By Phil Franz-Warkentin

Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger on Tuesday, hitting fresh two-week highs relative to its United States counterpart.

The Canadian dollar settled at US$0.7453 or US$1=C$1.3417 on Tuesday, which compares with Monday’s close of US$0.7439 or US$1=C$1.3442.

The U.S. Fed will release its policy rate decision on Wednesday, with Canadian inflation data also out tomorrow.

Crude oil moved higher amid ongoing global geopolitical tensions. West Texas Intermediate crude oil was up by 1.26 per cent at US$77.75 per barrel.

The TSX Composite Index was up by 27.81 points to close at 21,227.87 points.

Canada’s agricultural sector performed as follows:

Buhler Ind.———————-up  $ 0.01    at $  2.40

Linamar Corp.——————–dn  $ 0.22    at $ 64.87

Maple Leaf Foods—————–dn  $ 0.20    at $ 25.70

Nutrien Ltd.———————dn  $ 0.11    at $ 68.53

RB Global Inc.——————-up  $ 1.61    at $ 85.71

Farmers Edge Inc.—————-    $ 0.00    at $  0.35

(All figures are in Canadian dollars.)