By MarketsFarm
WINNIPEG, Aug. 2 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as world financial markets reacted to a visit by United States House of Representatives Speaker Nancy Pelosi to Taiwan.
The Canadian dollar settled at US$0.7778 or US$1=C$1.2856 on Friday, which compares with Friday’s close of US$0.7798 or US$1=C$1.2824. Canadian markets were closed Monday.
Crude oil held near unchanged, with mounting concerns over a possible global recession countered by uncertainty ahead of an OPEC+ meeting on Wednesday. There are ideas the organization is unlikely to increase production at this time.
West Texas Intermediate crude oil was up by 0.32 per cent at US$94.19 per barrel.
The TSX Composite Index was down by 187.59 points, or 0.95 per cent, to close at 19,505.33 points.
Canada’s agricultural sector performed as follows:
Buhler Ind.———————- $ 0.00 at $ 2.39
Linamar Corp.——————–dn $ 0.47 at $ 57.91
Maple Leaf Foods—————–dn $ 0.40 at $ 26.77
Nutrien Ltd.———————dn $ 3.89 at $105.73
Ritchie Bros Auctioneers Inc.—-dn $ 0.71 at $ 91.59
Farmers Edge Inc.—————- $ 0.00 at $ 1.25
(All figures are in Canadian dollars.)
