Compiled by Glen Hallick, MarketsFarm
WINNIPEG, March 30 (MarketsFarm) – The Canadian dollar was lower on Tuesday, as crude oil prices moved lower.
The loonie finished at US$0.7917 or US$1=C$1.2631, compared to Monday’s close of US$0.7940 or US$1=C$1.2594.
Benchmark crude oil prices were lower on Tuesday, due to a stronger United States dollar and concerns towards more COVID-19 lockdown measures around the world.
Brent crude oil was down 96 cents at US$64.02 per barrel. West Texas Intermediate (WTI) crude oil dropped US$1.11 at US$60.45/barrel. Western Canadian Select (WCS) fell US$1.24 at US$50.07/barrel.
The TSX Composite Index dipped 13.66 points on Tuesday to finish at 18,705.56.
Gold plummeted US$31.20 at US$1,683.40 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.05 at $ 3.27
Farmers Edge Inc. dn $ 0.37 at $ 17.89
Linamar Corp. up $ 2.04 at $ 74.78
Maple Leaf Foods dn $ 0.09 at $ 28.55
Nutrien Ltd. dn $ 0.54 at $ 68.86
Ritchie Bros Auctioneers Inc. up $ 0.73 at $ 73.45
(All figures are in Canadian dollars.)
