WINNIPEG, Dec. 15 (MarketsFarm) – The Canadian dollar hit it two-and-a-half year highs on Tuesday, as optimism over stimulus measures in the United States boosted equity markets and increased the risk appetite in the financial markets.
The Canadian dollar closed at US$0.7860 or US$1=C$1.2722, which compares with Monday’s North American close of US$0.7839 or US$1=C$1.2757.
However, the slow pace of economic recovery and talk from the Bank of Canada that a firm currency was hurting exports did temper the upside in the loonie to some extent.
West Texas Intermediate crude oil was up by 1.2 per cent, at US$47.56 per barrel.
The TSX Composite Index was up on the day, gaining 119.08 points, or 0.68 per cent, to close at 17,506.48 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.09 at $ 2.67
Linamar Corp.——————–up $ 1.20 at $ 68.65
Maple Leaf Foods—————–up $ 0.08 at $ 28.53
Nutrien Ltd.———————up $ 0.04 at $ 62.43
Ritchie Bros Auctioneers Inc.—-dn $ 1.61 at $ 87.84
Rocky Mountain Dealerships Inc.–dn $ 0.01 at $ 7.39
(All figures are in Canadian dollars.)
