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Canadian Financial Close: Loonie steady, crude oil lower

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Glacier FarmMedia MarketsFarm – The Canadian dollar was relatively steady on Tuesday.

The loonie closed at US$0.7365 or US$1=C$1.3578, compared to US$0.7363 or US$1=C$1.3582 on Monday. The United States Dollar Index declined 0.04 of a point at 104.10.

A reduced presence of Israeli troops in Gaza has pulled crude oil prices down. Brent crude oil dropped US$0.86 at US$89.52 per barrel. West Texas Intermediate (WTI) fell US$1.11 at US$85.32/barrel.

The TSX/S&P Composite Index rose 101.48 points at 22,361.78.

Gold climbed US$20.20 at US$2,371.20 per ounce after hitting a new record high earlier in the day.

Canada’s agricultural sector fared as follows:

Buhler Ind.                      unchanged      at $  2.30

Farmer’s Edge Inc.               unchanged      at $  0.345

Linamar Corp.                    up  $ 0.34     at $ 70.00

Maple Leaf Foods                 up  $ 0.27     at $ 23.95

Nutrien Ltd.                     up  $ 0.60     at $ 76.34

RB Global Inc.                   dn  $ 0.49     at $100.82

(All figures are in Canadian dollars.)