By MarketsFarm
WINNIPEG, June 9 (MarketsFarm) – The Canadian dollar was slightly weaker on Tuesday, along with most stock indices.
The dollar finished the day at US$0.7450 or US$1=C$1.3423, compared to Monday when it closed at US$0.7472 or US$1=C$1.3383.
The National Bureau of Economic Research has announced that the recession that began in February is officially over. However, unemployment rates are expected to remain high, though the world’s economic output is no longer declining.
The TSX Composite Index was down 141.17 points to close at 15,833.74.
Benchmark crude oil prices were stronger following news of a Libyan oil field shutting down again shortly after re-opening. West Texas Intermediate (WTI) was up by 54 cents to close at US$38.73. Brent Crude was up 23 cents at
US$41.03.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.04 at $ 2.53
Linamar Corp. up $ 1.37 at $ 44.87
Maple Leaf Foods up $ 0.29 at $ 26.51
Nutrien Ltd. dn $ 0.86 at $ 51.33
Ritchie Bros Auctioneers Inc. dn $ 0.48 at $ 57.39
Rocky Mountain Dealerships Inc. dn $ 0.09 at $ 5.59
(All figures are in Canadian dollars.)
