By MarketsFarm
WINNIPEG, Jan. 25 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, seeing a recovery after hitting its softest levels in two weeks on Monday.
The Canadian dollar closed at US$0.7918 or US$1=C$1.2629 on Tuesday, which compares with Monday’s North American close of US$0.7901 or US$1=C$1.2656.
The Bank of Canada makes its next interest rate announcement on Wednesday, and there are ideas that the bank could raise its key overnight rate.
Crude oil was stronger, with West Texas Intermediate crude oil up by 2.14 per cent, at US$85.09 per barrel.
The TSX Composite Index was up by 19.68 points, or 0.10 per cent, to close at 20,590.98 points.
Canada’s agricultural sector performed as follows:
Linamar Corp.——————–dn $ 1.48 at $ 66.19
Maple Leaf Foods—————–up $ 0.16 at $ 29.12
Nutrien Ltd.———————dn $ 0.06 at $ 87.95
Ritchie Bros Auctioneers Inc.—-dn $ 2.17 at $ 75.86
Farmers Edge Inc.—————-up $ 0.02 at $ 2.80
(All figures are in Canadian dollars.)