By MarketsFarm
WINNIPEG, June 27 (MarketsFarm) – The Canadian dollar was weaker slightly weaker on Tuesday, backing away from the nine-month highs hit Monday as losses in crude oil weighed on the energy-linked currency.
The Canadian dollar settled at US$0.7590 or US$1=C$1.3175 on Tuesday, which compares with Monday’s close of US$0.7604 or US$1=C$1.3151.
Canada’s annual rate of inflation fell to 3.4 per cent in May, from 4.4 per cent the previous month. That marked the smallest increase in two years but was in line with trade expectations. The Consumer Price Index was up by 0.4 per cent monthly in May, which compares with 0.7 per cent in April.
West Texas Intermediate was down by 2.32 per cent at US$67.76 per barrel.
The TSX Composite Index was stronger, gaining 145.77 points or 0.74 per cent to close at 19,733.09 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.05
Linamar Corp.——————–up $ 1.55 at $ 67.57
Maple Leaf Foods—————–dn $ 0.12 at $ 25.06
Nutrien Ltd.———————dn $ 0.55 at $ 77.89
Ritchie Bros Auctioneers Inc.—-up $ 1.59 at $ 76.85
Farmers Edge Inc.—————-up $ 0.015 at $ 0.195
(All figures are in Canadian dollars.)
