By MarketsFarm
WINNIPEG, Jan. 4 (MarketsFarm) – The Canadian dollar held reasonably firm on Tuesday, with gains in crude oil providing some support for the energy-linked currency.
The Canadian dollar closed at US$0.7869 or US$1=C$1.2708 on Tuesday, which compares with Friday’s North American close of US$0.7888 or US$1=C$1.2678. No official close was reported on Monday due to the New Year’s holiday, but the Canadian currency had softened in international trade and regained some ground on Tuesday.
Crude oil was stronger, with West Texas Intermediate crude oil up by 1.22 per cent, at US$77.00 per barrel.
The TSX Composite Index was up by 13.68 points, or 0.06 per cent, to close at 21,236.52 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-up $ 0.32 at $ 3.28
Linamar Corp.——————–up $ 1.89 at $ 76.82
Maple Leaf Foods—————–dn $ 0.01 at $ 29.25
Nutrien Ltd.———————dn $ 3.83 at $ 91.25
Ritchie Bros Auctioneers Inc.—-up $ 0.34 at $ 77.75
Farmers Edge Inc.—————-up $ 0.04 at $ 3.20
(All figures are in Canadian dollars.)
