By MarketsFarm
WINNIPEG, Aug. 9 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, with a declining appetite for risk in the global financial markets reportedly putting some pressure on the currency.
The Canadian dollar settled at US$0.7764 or US$1=C$1.2880 on Tuesday, which compares with Monday’s close of US$0.7778 or US$1=C$1.2857.
Weakness in crude oil added to the declines in the energy-linked currency as mounting recessionary concerns overpowered any support from disruptions to Russian oil movement. West Texas Intermediate crude oil was down by 0.17 per cent at US$90.61 per barrel.
The TSX Composite Index was down by 90.87 points, or 0.46 per cent, to close at 19,578.30 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————-dn $ 0.15 at $ 2.29
Linamar Corp.——————–dn $ 0.89 at $ 58.69
Maple Leaf Foods—————–dn $ 0.15 at $ 22.85
Nutrien Ltd.———————up $ 3.82 at $113.81
Ritchie Bros Auctioneers Inc.—-up $ 1.31 at $ 90.07
Farmers Edge Inc.—————-up $ 0.02 at $ 1.14
(All figures are in Canadian dollars.)
