WINNIPEG – While still near its highest levels in 2023, the Canadian dollar declined on Tuesday.
The loonie closed at US$0.7552 or US$1=C$1.3241, compared to US$0.7572 or US$1=C$1.3206 on Monday.
The United States Dollar Index added 0.04 of a point at 102.56. Most U.S. markets resumed trading after the Juneteenth holiday on Monday.
Fears that stimulus measures implemented by China would not invigorate its economy brought crude oil lower on Tuesday. Brent crude oil shed US$0.13/barrel at US$75.96. West Texas Intermediate (WTI) dropped US$1.28 at US$70.50/barrel.
The TSX/S&P Composite Index was 180.07 points lower at 19,754.14.
Gold fell US$23.30 at US$1,947.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.13
Farmer’s Edge Inc. up $ 0.015 at $ 0.215
Linamar Corp. dn $ 0.06 at $ 70.41
Maple Leaf Foods dn $ 0.06 at $ 26.05
Nutrien Ltd. dn $ 1.59 at $ 77.61
Ritchie Bros Auctioneers Inc. up $ 0.74 at $ 75.62
(All figures are in Canadian dollars.)
