WINNIPEG – The Canadian dollar continues to move back and forth across the 80 cents United States mark.
The loonie was at US$0.7991 or US$1=C$1.2514 on Tuesday, down from Monday’s close at US$0.8019 or US$1=C$1.2471. Meanwhile, the United States Dollar Index was up 0.52 points at 92.78.
After the International Energy Agency warned of a potential oil supply crunch, benchmark crude oil prices reached 33-month highs on Tuesday. Brent crude oil jumped US$1.38 per barrel to US$76.54. West Texas Intermediate (WTI) crude oil gained US$1.24 to US$75.34/barrel. Western Canadian Select (WCS) crude oil rose US$0.99 to US$62.15/barrel.
The TSX Composite Index moved up 37.57 points to 20,270.65. The Bank of Canada will make a key interest rate announcement tomorrow.
Gold bounced up US$1.68 per ounce to US$1,807.96.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 3.27
Farmer’s Edge Inc. dn $ 0.24 at $ 11.60
Linamar Corp. dn $ 1.90 at $ 73.56
Maple Leaf Foods unchanged at $ 24.88
Nutrien Ltd. up $ 0.62 at $ 77.11
Ritchie Bros Auctioneers Inc. up $ 0.33 at $ 74.52
(All figures are in Canadian dollars.)
