WINNIPEG – The Canadian dollar exceeded the 77 United States cent mark on Tuesday, despite mixed news from Statistics Canada.
The loonie closed at US$0.7735 or US$1=C$1.2929, up from US$0.7696 or US$1=C$1.2994 on Monday. Statistics Canada reported on Tuesday that retail sales for the month of April increased 0.9 per cent and preliminary figures show a 1.6 per cent rise in May. Meanwhile, the central data agency also reported that job vacancies rose 2.7 per cent in the first quarter of 2022 to nearly one million, including a record-high 136,800 vacancies in the health care and social assistance sector.
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The U.S. Dollar Index lost 0.24 of a point to 104.46 on Tuesday.
Crude oil prices were up on Tuesday. Brent crude oil increased US$0.75 per barrel at US$114.88. West Texas Intermediate (WTI) crude oil added US$1.09 at US$110.65/barrel. Western Canadian Select (WCS) gained US$0.57 to US$90.43.
The TSX/S&P Composite Index advanced 73.66 points to 19,257.29.
Gold declined US$8.10 at US$1,832.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. dn $ 0.10 at $ 2.17
Farmer’s Edge Inc. dn $ 0.01 at $ 1.59
Linamar Corp. up $ 0.67 at $ 55.47
Maple Leaf Foods dn $ 0.65 at $ 25.39
Nutrien Ltd. dn $ 0.55 at $111.50
Ritchie Bros Auctioneers Inc. dn $ 0.13 at $ 77.97
(All figures are in Canadian dollars.)
