By MarketsFarm
WINNIPEG, June 11 (MarketsFarm) – The Canadian dollar was down slightly at market close on Tuesday, as the loonie lost a little bit of strength to the United States dollar.
The loonie finished the day at US$0.7531 or US$1=C$1.3178, which compares Monday’s close of US$0.7537 or C$1.3167.
The TSX/S&P Composite Index was up 32.50 points on Tuesday to finish at 16,248.76, on gains made in resource stocks.
Benchmark oil prices were up slightly on Tuesday, as supply cuts by OPEC and its allies were balanced off by concerns about a global economic slowdown. Brent crude oil was up eight cents to close at US$62.37 per barrel. West Texas Intermediate crude oil gain 12 cents to close at US$53.38 per barrel.
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As of June 10, the price differential between WTI and Western Canadian Select crude oil narrowed by 52 cents at US$13.47 per barrel. Also, the price of WCS was down 21 cents on Monday at US$39.79 per barrel.
Gold was up US$1.40 on Tuesday to close at US$1,327.70 per ounce.
Canada’s agricultural sector fared as follows:
AGT Food and Ingredients unchanged at $ 17.99
Buhler Industries up $ 0.05 at $ 3.67
Linamar Corp. up $ 0.43 at $ 45.52
Maple Leaf Foods dn $ 0.49 at $ 30.41
Nutrien Ltd. up $ 0.85 at $ 69.70
Ritchie Bros Auctioneers Inc. dn $ 0.01 at $ 45.99
Rocky Mountain Dealerships Inc. up $ 0.01 at $ 8.49
(All figures are in Canadian dollars.)
