By MarketsFarm
WINNIPEG, Oct. 11 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and a ‘risk-off’ sentiment in the global financial markets weighed on the currency.
The Canadian dollar settled at US$0.7260 or US$1=C$1.3775 on Tuesday, which compares with Friday’s close of US$0.7293 or US$1=C$1.3712.
Crude oil was pressured by concerns over declining demand in the face of a recession, although supply uncertainty out of Russia and Iran provided support. West Texas Intermediate crude oil was down by 2.75 per cent at US$88.62 per barrel.
The TSX Composite Index was weaker, down 366.45 points or 1.97 per cent to close at 18,216.68 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.02
Linamar Corp.——————–dn $ 0.27 at $ 56.06
Maple Leaf Foods—————–dn $ 0.23 at $ 20.16
Nutrien Ltd.———————dn $ 1.21 at $113.88
Ritchie Bros Auctioneers Inc.—-up $ 0.33 at $ 83.39
Farmers Edge Inc.—————- $ 0.00 at $ 0.52
(All figures are in Canadian dollars.)