Canadian Financial Close: C$ holds rangebound
By MarketsFarm
WINNIPEG, Sep. 27 (MarketsFarm) – The Canadian dollar held within a narrow range on Tuesday, seeing some consolidation after dropping sharply relative to its United States counterpart on Monday.
The Canadian dollar settled at US$0.7285 or US$1=C$1.3726 on Tuesday, which compares with Monday’s close of US$0.7291 or US$1=C$1.3716.
Ongoing uncertainty over a looming global recession continued to weigh on the currency, although a modest recovery in crude oil provided some underlying support.
West Texas Intermediate crude oil was up by 2.35 per cent at US$78.52 per barrel.
The TSX Composite Index was weaker, down 19.13 points or 0.10 per cent to close at 18,307.91 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 1.95
Linamar Corp.——————–dn $ 0.60 at $ 60.40
Maple Leaf Foods—————–up $ 0.36 at $ 20.65
Nutrien Ltd.———————up $ 3.67 at $115.97
Ritchie Bros Auctioneers Inc.—-up $ 0.92 at $ 87.03
Farmers Edge Inc.—————-dn $ 0.05 at $ 0.65
(All figures are in Canadian dollars.)
