By MarketsFarm
WINNIPEG, Dec. 8 (MarketsFarm) – The Canadian dollar remain relatively steady on Tuesday as its United States counterpart regained a pinch of lost strength.
The dollar finished at US$0.7808 or US$1.2808, compared to Monday’s close of US$0.7812 or US$1=C$1.2801.
The U.S. Dollar Index saw the greenback rise 0.173 at 90.875 points.
Benchmark crude oil prices were either side of steady on Tuesday, as hopes towards a COVID-19 vaccine provided support while sagging demand due to lockdown restrictions weighed on values.
Brent crude oil was up nine cents at US$48.88 per barrel. West Texas Intermediate (WTI) crude oil slipped 12 cents at US$45.64 per barrel. Western Canadian Select (WCS) crude oil bumped up two cents at US$33.50 per barrel.
The TSX Composite Index gained 56.65 points on Tuesday to finish at 17,639.00.
Gold was up US$8.39 at US$1,871.12 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries up $ 0.09 at $ 2.75
Linamar Corp. dn $ 0.59 at $ 65.85
Maple Leaf Foods dn $ 0.03 at $ 27.49
Nutrien Ltd. up $ 0.08 at $ 64.17
Ritchie Bros Auctioneers Inc. up $ 2.57 at $ 92.32
Rocky Mountain Dealerships Inc. dn $ 0.02 at $ 6.91
(All figures are in Canadian dollars.)
