By MarketsFarm
WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, seeing some consolidation ahead Wednesday’s policy announcement from the United States Federal Reserve.
The Canadian dollar closed at US$0.8062 or US$1=C$1.2404 on Tuesday, which compares with Monday’s North American close of US$0.8085 or US$1=C$1.2368.
The Fed is set to make its latest interest rate announcement on Wednesday, and investors expect to see it start to show signs of reducing some of its economic stimulus measures.
Crude oil was weaker on the day, with West Texas Intermediate down by 0.81 per cent, at US$83.37 per barrel.
The TSX Composite Index was down by 77.00 points, or 0.36 per cent, to close at 21,170.01 points.
Canada’s agricultural sector performed as follows:
Buhler Industries—————-dn $ 0.01 at $ 3.21
Linamar Corp.——————–dn $ 0.89 at $ 68.09
Maple Leaf Foods—————–up $ 0.04 at $ 27.31
Nutrien Ltd.———————dn $ 4.42 at $ 84.01
Ritchie Bros Auctioneers Inc.—-up $ 0.20 at $ 84.80
Farmers Edge Inc.—————-dn $ 0.42 at $ 5.20
(All figures are in Canadian dollars.)
