WINNIPEG – For the first time since Feb. 2, the Canadian dollar ended the day above the 75 United States cent mark on Tuesday.
The loonie closed at US$0.7513 or US$1=C$1.3310, compared to US$0.7482 or US$1=C$1.3366 on Monday.
The U.S. Dollar Index moved down 0.36 of a point at 103.29. The U.S. Bureau of Labor Statistics reported on Tuesday that the country’s annual inflation rate dropped to four per cent in May.
Crude oil rebounded on Tuesday after China cut short-term interest rates while considering economic stimulus measures. Brent crude oil gained US$2.21/barrel at US$74.05. West Texas Intermediate (WTI) rose US$2.05 at US$69.17/barrel.
The TSX/S&P Composite Index advanced 62.65 points to 19,983.96.
Gold was down US$15.50 at US$1,954.20 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.12 at $ 2.13
Farmer’s Edge Inc. unchanged at $ 0.17
Linamar Corp. up $ 1.39 at $ 69.75
Maple Leaf Foods up $ 0.31 at $ 27.05
Nutrien Ltd. up $ 0.78 at $ 80.42
Ritchie Bros Auctioneers Inc. up $ 0.54 at $ 75.57
(All figures are in Canadian dollars.)
