Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Aug. 24 (MarketsFarm) – The Canadian dollar had another good jump for a second day in a row when it closed Tuesday, as it pushed well above 79 United States cents.
The loonie closed at US$0.7931 or US$1=C$1.2608, compared to Monday’s close of US$0.7785 or US$1=C$1.2682.
On the U.S. Dollar Index, the greenback slipped 0.076 at 92.895 points.
Benchmark crude oil prices were higher on Tuesday, as China’s recent success with battling COVID-19 eased market concerns about lower demand.
Brent crude oil gained US$2.42 at US$71.17 per barrel. West Texas Intermediate (WTI) crude oil increased US$2.01 at US$67.65 per barrel. Western Canadian Select (WCS) rose US$2.06 at US$54.64 per barrel.
The TSX Composite Index was up by 70.50 points on Tuesday to finish at 20,547.76.
Gold dipped 30 cents at US$1,806.00 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.20 at $ 3.39
Farmers Edge Inc. up $ 0.59 at $ 5.80
Linamar Corp. up $ 1.88 at $ 71.26
Maple Leaf Foods dn $ 0.30 at $ 26.95
Nutrien Ltd. up $ 0.29 at $ 76.62
Ritchie Bros Auctioneers Inc. dn $ 0.19 at $ 78.03
(All figures are in Canadian dollars.)
