By MarketsFarm
WINNIPEG, Jan. 5 (MarketsFarm) – The Canadian dollar was stronger on Tuesday, due to comparable weakness in the United States dollar.
The dollar finished the day at US$0.7870 or US$1=C$1.2707, compared to Monday when it closed at US$0.7843 or US$1=C$1.2751.
Global stock indices were stronger, as investors await results from Georgia’s senate runoffs. These elections will determine control over the Senate. The TSX closed up by 154.74 points at 17,682.51.
Benchmark crude oil prices were also stronger on the day, despite concerns of rising COVID-19 cases. West Texas Intermediate (WTI) was up by US$2.35 to close at US$49.97. Brent Crude was up by US$2.56 at US$53.65.
Canada’s agricultural sector fared as follows:
Buhler Int. unchanged at $ 2.60
Linamar Corp. up $ 0.80 at $ 68.13
Maple Leaf Foods dn $ 3.22 at $ 27.57
Nutrien Ltd. up $ 1.36 at $ 63.55
Ritchie Bros Auctioneers Inc. up $ 1.37 at $ 86.63
Rocky Mountain Dealerships Inc. unchanged at $ 7.40
(All figures are in Canadian dollars.)
