Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 8 (MarketsFarm) – The Canadian dollar tacked on nearly three-tenths of a United States cent on Tuesday, largely due to weakness in the U.S. dollar.
The loonie closed at US$0.7440 or US$1=C$1.3441, compared to Monday’s close of US$0.7411 or US$1=C$1.3493.
As voting in the mid-term elections carried on today, the greenback stepped back 0.468 of a point at 109.525 on the U.S. Dollar Index. The markets were unsure whether the Republican Party would gain control of both houses of Congress.
Read Also
Canadian Financial Close: C$ steady Friday
Glacier FarmMedia — The Canadian dollar held steady on Friday as investors squared positions ahead of the weekend. The Canadian…
Benchmark crude oil prices were lower on Tuesday, as reports out of China indicated an upswing in COVID-19 cases. Those price declines were tempered by the forthcoming OPEC+ production cuts.
Brent crude oil lost US$2.26 at US$95.66 per barrel. West Texas Intermediate (WTI) crude oil was down US$2.52 at US$89.27/barrel. Western Canadian Select (WCS) gave up US$3.05 at US$60.22 per barrel.
The TSX Composite Index gained 114.40 points to finish Tuesday at 19,660.31.
Gold surged upward US$35.40 at US$1,715.90 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.00
Farmers Edge Inc. dn $ 0.01 at $ 0.41
Linamar Corp. dn $ 1.25 at $ 58.01
Maple Leaf Foods up $ 2.43 at $ 22.01
Nutrien Ltd. up $ 5.83 at $104.49
Ritchie Bros Auctioneers Inc. dn $ 1.45 at $ 67.71
(All figures are in Canadian dollars.)
