WINNIPEG – The Canadian dollar has come out of the Christmas break relatively steady.
As of 3:30 p.m. CST, the loonie was at US$0.7803 or US$1=C$1.2816 on Tuesday, down from last Friday’s close of US$0.7805 or US$1=C$1.2812. The Bank of Canada’s closing exchange rate was not posted at the time.
The United States Dollar Index gained 0.05 of a point to 96.14.
Benchmark crude oil prices were higher on Tuesday despite cancelled airline flights over the past week due to COVID-19-related staffing shortages and inclement weather. Brent crude oil moved up US$0.49 per barrel to US$79.09. West Texas Intermediate (WTI) crude oil rose US$0.52 to US$76.09/barrel. Western Canadian Select (WCS) crude oil also rose US$0.52 at US$61.20/barrel.
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The TSX/S&P Composite Index bumped up 10.75 points to 21,229.68.
Gold declined US$2.80 per ounce to US$1,806.00.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.01 at $ 2.96
Farmer’s Edge Inc. up $ 0.03 at $ 3.32
Linamar Corp. up $ 0.23 at $ 74.68
Maple Leaf Foods dn $ 0.09 at $ 29.24
Nutrien Ltd. up $ 0.21 at $ 96.24
Ritchie Bros Auctioneers Inc. dn $ 0.50 at $ 77.90
(All figures are in Canadian dollars.)
