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Canadian Financial Close: Loonie gains about two-tenths

U.S. greenback slightly lower

By MarketsFarm

WINNIPEG, Jan. 26 (MarketsFarm) – The Canadian dollar was higher on Tuesday, as its United States counterpart eased back.

The loonie finished at US$0.7873 or US$1=C$1.2702, compared to Monday’s close of US$0.7851 or US$1=C$1.2738.

On the U.S. Dollar Index, the greenback lost 0.223 at 90.150 points.

Benchmark crude oil prices were mixed on Tuesday due to concerns that future demand could wane as the number COVID-19 cases rises steadily. Early reports of an explosion in Riyadh, Saudi Arabia possibly caused by terrorists, tempered further losses.
Brent crude oil gained 14 cents at US$56.02 per barrel. West Texas Intermediate (WTI) crude oil lost five cents at US$52.72/barrel. Meanwhile, Western Canadian Select (WCS) crude oil was up 15 cents at US$39.17/barrel.

The TSX Composite Index was down 126.61 points on Tuesday to finish at 17,779.41.

Gold lost US$5.80 at US$1,849.40 per ounce.

Canada’s agricultural sector fared as follows:

Buhler Industries unchanged at $ 2.66
Linamar Corp. dn $ 1.21 at $ 71.93
Maple Leaf Foods up $ 0.09 at $ 25.59
Nutrien Ltd. dn $ 0.58 at $ 66.90
Ritchie Bros Auctioneers Inc. dn $ 0.91 at $ 80.08
(All figures are in Canadian dollars.)

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