Canadian Financial Close: Loonie holds firm
Greenback budges little while crude oil rises
By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar stood unchanged on Tuesday as increases in crude oil were stymied by little movement in the United States dollar.
The loonie remained at Monday’s finish of US$0.7114 or US$1=1.4056. On the U.S. Dollar Index, the greenback dipped 0.103 of a point at 106.320.
Benchmark crude oil prices advanced on Tuesday, as the market became more concerned the Israel-Hezbollah ceasefire could fall apart completely.
Brent crude oil gained US$1.78 at US$73.61 per barrel and West Texas Intermediate climbed US$1.85 at US$69.95.
The TSX Composite Index bumped up 45.40 points on Tuesday to close at 25,635.73.
Gold added US$6.90 at US$2,665.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.88 Farmers Edge Inc. unchanged at $ 0.345 Linamar Corp. up $ 0.37 at $ 62.80 Maple Leaf Foods up $ 0.83 at $ 23.43 Nutrien Ltd. up $ 1.55 at $ 68.64 RB Global Inc. up $ 0.63 at $137.13
(All figures are in Canadian dollars)
