Canadian Financial Close: Loonie rises, TSX still in descent

Glacier FarmMedia MarketsFarm – The Canadian dollar rose to its highest point in nearly two weeks on Tuesday.

The loonie closed at US$0.7250 or US$1=C$1.3794, compared to US$0.7216 or US$1=C$1.3858 on Friday. The Bank of Canada (BoC) did not publish a closing price on Monday due to the Civic Holiday.

The United States Dollar Index was up 0.26 of a point at 102.95.

Crude oil prices were higher on Tuesday. West Texas Intermediate (WTI) increased US$0.13 at US$73.07 per barrel. Brent crude oil was up US$0.06 at US$76.36/barrel.

The S&P/TSX Composite Index was still reeling from the weekend, losing 248.27 points at 21,979.36.

Gold was down US$14.90 at US$2,429.50 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.03

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    dn  $ 2.03     at $ 61.48

Maple Leaf Foods                 dn  $ 0.12     at $ 25.50

Nutrien Ltd.                     dn  $ 1.44     at $ 64.98

RB Global Inc.                   up  $ 4.36     at $108.12

(All figures are in Canadian dollars.)