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Canadian Financial Close: C$ still soft after Monday’s drop

By MarketsFarm

WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, as investors adjusted positions after Monday’s large drop relative to the United States currency.
The Canadian dollar closed at US$0.7513 or US$1=C$1.3310, which compares with Monday’s North American close of US$0.7523 or US$1=C$1.3293.
The Canadian federal government is set to unveil a pandemic recovery plan on Wednesday.
West Texas Intermediate crude oil was firm, rising 0.6 per cent, at US$39.55 per barrel.
The TSX Composite Index was stronger, gaining 161.12 points, or 1.01 per cent, to close at 16,142.89 points.

Canada’s agricultural sector performed as follows:

Buhler Industries—————-dn $ 0.04 at $ 2.42
Linamar Corp.——————–dn $ 0.22 at $ 38.17
Maple Leaf Foods—————–up $ 0.41 at $ 27.40
Nutrien Ltd.———————up $ 0.70 at $ 53.99
Ritchie Bros Auctioneers Inc.—-up $ 0.53 at $ 76.36
Rocky Mountain Dealerships Inc.–dn $ 0.13 at $ 5.56

(All figures are in Canadian dollars.)

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