By Markets Farm
WINNIPEG, March 12 (MarketsFarm) – The Canadian dollar was up at market close on Tuesday along with the Toronto Stock Exchange (TSX).
The dollar finished Tuesday at US$0.7475 or US$1=C$1.3378, which compares with Monday’s close of US$0.7455 or C$1.3414.
The TSX rose 30.42 points to finish Tuesday at 16,136.66 points. Much of the gains were made on resource stocks.
United Kingdom Prime Minister Theresa May suffered another defeat in the House of Commons on Tuesday, as her latest Brexit proposal was voted down 391 to 242. On Wednesday, MP’s will vote on whether the U.K. should leave the European Union without a deal. The U.K. is scheduled to leave the EU on March 29.
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Benchmark oil prices were up slightly Tuesday with reports of Saudi Arabia planning more production cuts. Brent crude oil rose 11 cents to close at US$66.69 per barrel. West Texas Intermediate crude oil was up 13 cents to close at US$56.92 per barrel.
Gold was up US$10.80 on Tuesday to US$1,301.90 per ounce.
Canada’s agricultural sector faired as follows:
AGT Food and Ingredients up $ 0.01 at $ 17.81
Buhler Industries unchanged at $ 3.61
Linamar Corp. dn $ 2.21 at $ 48.57
Maple Leaf Foods dn $ 0.26 at $ 27.14
Nutrien Ltd. up $ 0.30 at $ 71.83
Ritchie Bros Auctioneers Inc. dn $ 0.42 at $ 44.81
Rocky Mountain Dealerships Inc. unchanged at $ 8.73
(All figures are in Canadian dollars.)
