Canadian Financial Close: Loonie moves up, crude oil comes down

Glacier FarmMedia MarketsFarm – The Canadian dollar rose again on Tuesday, reaching its highest level since February.

The loonie closed at US$0.7429 or US$1=C$1.3460, compared to US$0.7418 or US$1=C$1.3481 on Monday.

Meanwhile, the United States Dollar Index was down 0.29 of a point at 100.56.

Crude oil prices nearly erased its gains from Monday. West Texas Intermediate (WTI) fell US$1.72 at US$75.70 per barrel. Brent crude oil dropped US$1.76 at US$79.67/barrel.

The TSX Composite Index shed 89.01 points at 23,259.96.

Gold increased US$5.30 at US$2,560.50 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      dn  $ 0.05     at $  2.40

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 0.30     at $ 63.75

Maple Leaf Foods                 dn  $ 0.34     at $ 22.76

Nutrien Ltd.                     dn  $ 0.43     at $ 65.12

RB Global Inc.                   up  $ 0.23     at $117.18

(All figures are in Canadian dollars.)