By Commodity News Service Canada
WINNIPEG, Oct. 30 (CNS Canada) – The Canadian dollar was slightly weaker on Tuesday, as declines in crude oil weighed on the energy-linked currency.
The Canadian dollar closed at US$0.7614 or US$1=C$1.3133, which compares with Monday’s close of US$0.7623, or US$1=C$1.3119.
More interest rate hike increases will be needed in order to meet the Bank of Canada’s inflation targets, the Bank’s governor Stephen Poloz told the House of Commons Finance Committee on Tuesday.
The S&P/TSX Composite Index corrected higher on Tuesday, after hitting its lowest levels in nearly two years on Monday. The index gained 172.75 points, or 1.17 per cent, to close at 14,894.50 points.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients Inc. dn $ 0.03 at $ 17.36
Buhler Industries—————- $ 0.00 at $ 3.68
Linamar Crop.——————–up $ 0.48 at $ 53.33
Maple Leaf Foods—————–up $ 0.41 at $ 29.89
Nutrien Ltd.———————up $ 1.08 at $ 67.98
Ritchie Bros Auctioneers Inc.—-up $ 1.18 at $ 43.33
Rocky Mountain Dealerships Inc.—up $ 0.06 at $ 9.74
(All figures are in Canadian dollars.)
