By MarketsFarm
WINNIPEG, Aug. 25 (MarketsFarm) – The Canadian dollar finished relatively steady on Tuesday as the United States dollar was slightly weaker.
The Canadian dollar finished at US$0.7579 or US$1=C$1.3194, compared to Monday when it closed at US$0.7572 or US$1=C$1.3207.
The greenback on the U.S. Dollar Index, pulled back to 93.010 points, losing 0.30 per cent today.
Benchmark crude oil prices were higher on Tuesday, as Hurricane Laura forced the shutdown of nearly 85 per cent of the oil and gas production in the Gulf of Mexico.
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Brent crude oil rose 79 cents at US$45.92 per barrel. West Texas Intermediate (WTI) crude oil gained 74 cents at US$43.36 per barrel. Western Canadian Select (WCS) crude oil was up $1.00 at US$32.14 per barrel.
The TSX Composite Index was finished flat on Tuesday, with a small decline of 9.16 points to finish at 16,617.48.
Gold was down slightly by 64 cents at US$1,928.23 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries unchanged at $ 2.52
Linamar Corp. dn $ 0.03 at $ 42.57
Maple Leaf Foods dn $ 0.50 at $ 30.03
Nutrien Ltd. dn $ 1.55 at $ 50.08
Ritchie Bros Auctioneers Inc. dn $ 2.22 at $ 80.34
Rocky Mountain Dealerships Inc. up $ 0.20 at $ 5.68
(All figures are in Canadian dollars.)
