By MarketsFarm
WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was steady on Tuesday, as easing concerns of China’s coronavirus caused stock indexes and oil futures to regain ground.
The dollar finished the day at US$0.7588 or US$1=C$1.3179, compared to Monday when it closed at US$0.7586 or US$1=C$1.3182.
Following the worst one-day drop in three months, stock markets posted meager gains. Tech and financial stocks generated most advances.
The TSX Composite Index closed higher by 158.36 points at 17,500.88. The S&P 500 gained 32.61 to close at 3,276.24. The Dow Jones was up by 187.05 to finish at 28,722.85. The NASDAQ was up 130.037 to finish at 9,269.68.
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Benchmark oil prices were slightly higher on Tuesday, though reductions in air travel to China will likely weigh on values. Brent crude oil was up by 34 cents, closing at US$59.66 per barrel. West Texas Intermediate (WTI) crude oil was 42 cents higher to close at US$53.56 per barrel.
Canada’s agricultural sector fared as follows:
Buhler Industries unch at $ 2.80
Linamar Corp. up $ 0.10 at $ 45.21
Maple Leaf Foods dn $ 0.21 at $ 25.79
Nutrien Ltd. up $ 1.30 at $ 57.74
Ritchie Bros Auctioneers Inc. dn $ 0.12 at $ 56.87
Rocky Mountain Dealerships Inc. dn $ 0.02 at $ 6.63
(All figures are in Canadian dollars.)
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