WINNIPEG – The Canadian dollar began the month of July on a high note.
The loonie closed at US$0.7565 or US$1=C$1.3219 on Tuesday, compared to US$0.7553 or US$1=C$1.3240 on June 30. The Bank of Canada (BoC) did not post a closing exchange rate on Monday due to the Canada Day holiday.
The United States Dollar Index was up 0.08 of a point at 103.07. U.S. markets were closed on Tuesday for the Independence Day holiday.
Crude oil made gains on Tuesday after Saudi Arabia and Russia curbed their respective supplies. Brent crude oil jumped US$1.60/barrel at US$76.25. West Texas Intermediate (WTI) gained US$1.21 at US$71.00/barrel.
The TSX/S&P Composite Index was 49.58 points higher at 20,204.87.
Gold added US$4.10 at US$1,933.60 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.05
Farmer’s Edge Inc. up $ 0.005 at $ 0.205
Linamar Corp. up $ 0.23 at $ 69.85
Maple Leaf Foods up $ 0.31 at $ 26.19
Nutrien Ltd. up $ 1.02 at $ 79.23
Ritchie Bros Auctioneers Inc. up $ 1.02 at $ 80.52
(All figures are in Canadian dollars.)
