By MarketsFarm
WINNIPEG, Dec. 22 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, due to losses in crude oil.
The dollar finished the day at US$0.7747 or US$1=C$1.2908, compared to Monday when it closed at US$0.7828 or US$1=C$1.2775.
Global stock indices mixed on the day as participants digest the details of United States Congress’s long-awaited COVID-19 relief bill. The bill includes US$600 stimulus cheques, as well as boosts to federal unemployment and small business support. The TSX closed up by 51.57 points at 17,358.21.
Benchmark crude oil indices were weaker on the day, as the outlook for long-term demand remains pessimistic due to COVID-19 lockdowns. West Texas Intermediate (WTI) was down by US$1.07 to close at US$46.90. Brent Crude lost 99 cents at US$49.92.
Canada’s agricultural sector fared as follows:
Buhler Int. unchanged at $ 2.72
Linamar Corp. dn $ 0.48 at $ 67.67
Maple Leaf Foods up $ 0.45 at $ 28.50
Nutrien Ltd. dn $ 1.13 at $ 60.15
Ritchie Bros Auctioneers Inc. up $ 2.05 at $ 89.11
Rocky Mountain Dealerships Inc. unchanged at $ 7.40
(All figures are in Canadian dollars.)
