WINNIPEG – The Canadian dollar had a small decline on Tuesday after making a large gain on Monday.
The loonie closed at US$0.7270 or US$1=C$1.3756, down from US$0.7283 or US$1=C$1.3730 on Monday. The United States Dollar Index was up 0.02 points at 112.06.
Crude oil prices were lower on Tuesday after the White House indicated it would release barrels from its strategic reserves. Brent crude oil dropped US$1.40 per barrel to US$90.22. West Texas Intermediate (WTI) crude oil fell US$2.23 at US$83.23/barrel. Western Canadian Select (WCS) was lower by US$0.42 per barrel to US$55.21.
The TSX/S&P Composite gained 177.16 points at 18,798.18.
Gold lost US$7.50 at US$1,656.50 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Ind. unchanged at $ 2.01
Farmer’s Edge Inc. unchanged at $ 0.50
Linamar Corp. dn $ 0.66 at $ 56.82
Maple Leaf Foods up $ 0.12 at $ 21.01
Nutrien Ltd. up $ 3.17 at $112.50
Ritchie Bros Auctioneers Inc. up $ 0.53 at $ 87.86
(All figures are in Canadian dollars.)
