By Commodity News Service Canada
WINNIPEG, Feb. 6 – The Canadian dollar closed lower Tuesday
despite a rebound on the stock market.
The Canadian dollar settled Tuesday at US$0.7981 or
C$1.2530, compared to Monday’s North American close of US$0.8011
or C$1.2483.
Oil prices fell for a third straight day on Tuesday as the
United States dollar rose to its highest value in more than a
week in the wake of a sharp sell-off on Wall Street and other
stock markets. Brent crude futures were down 60 cents to
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Wall Street rebounded in volatile afternoon trading
Tuesday, with major indexes rising more than one per cent
following the largest one-day drops for the S&P 500 and Dow
Jones in more than six years on Monday. Stocks swung from
negative to positive indexes throughout the session with the Dow
having a more than 1,000 point difference between its highest
and lowest points Tuesday.
The Dow Jones Industrial Average added 569.32 points, or
2.34 per cent, to 24,915.07. The S&P 500 rose 46.31 points, or
1.75 per cent, to 2,695.25 and the Nasdaq Composite rose 148.36
points, or 2.13 per cent, to 7,115.88.
In Toronto, the TSX/S&P Composite Index closed higher
Tuesday, reversing earlier declines and following a similar
turnaround on Wall Street. The TXS/S&P rose 29.12 points, or
Canada’s agricultural sector performed as follows:
AGT Food and Ingredients—–up $ 0.18 at $ 21.14
Buhler Industries————dn $ 0.18 at $ 4.15
Maple Leaf Foods————-up $ 0.16 at $ 33.97
Nutrien Ltd.—————–dn $ 1.76 at $ 58.67
(All figures are in Canadian dollars.)
