By Commodity News Service Canada
WINNIPEG, Feb. 12 (CNS Canada) – The Canadian dollar was stronger on Tuesday, as gains in crude oil underpinned the energy-linked currency.
The Canadian dollar closed at US$0.7548 or US$1=C$1.3248, which compares with Monday’s close of US$0.7522, or US$1=C$1.3294.
Crude oil values rose on news that Saudi Arabia was planning on cutting production by even more than indicated in a recent OPEC agreement.
Optimism over improving trade relations between the United States and China was also supportive for the global financial markets in general.
The S&P/TSX Composite Index was stronger on Tuesday. The index gained 73.25 points, or 0.47 per cent, to close at 15,642.10 points.
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients———dn $ 0.02 at $ 17.84
Buhler Industries—————-unchanged at $ 3.61
Linamar Corp.——————–up $ 0.96 at $ 49.37
Maple Leaf Foods—————–up $ 0.64 at $ 29.99
Nutrien Ltd.———————up $ 2.01 at $ 71.34
Ritchie Bros Auctioneers Inc.—-up $ 0.06 at $ 48.17
Rocky Mountain Dealerships Inc.–up $ 0.09 at $ 8.99
(All figures are in Canadian dollars.)
