WINNIPEG – The Canadian dollar stayed relatively steady on Tuesday, the first day of trading after the Victoria Day weekend, despite a declining United States greenback.
The loonie was at US$0.8294 or US$1=C$1.2057 on Tuesday, up from Friday’s close at US$0.8291 or US$1=C$1.2061. Meanwhile, the United States Dollar Index dropped by 0.15 at 89.69 points. On Tuesday, the Conference Board reported its U.S. consumer confidence index at 117.2 this month, down from 117.5 in April. However, its labor market differential went up by 13 points to 34.6, after 8.1 million job openings were reported that month.
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Benchmark crude oil prices were mixed on Tuesday. Brent crude oil stayed steady, down US$0.01 per barrel to US$68.45. West Texas Intermediate (WTI) crude oil declined US$0.19 to US$65.86/barrel. Western Canadian Select (WCS) crude oil moved up by US$0.33 to US$51.69/barrel.
The TSX Composite Index closed slightly higher on Tuesday, increasing by 36.82 points to 19,564.12.
Gold surged by US$18.85 to US$1,899.87 per ounce.
Canada’s agricultural sector fared as follows:
Buhler Industries dn $ 0.10 at $ 3.50
Farmer’s Edge Inc. dn $ 0.44 at $ 9.90
Linamar Corp. dn $ 0.27 at $ 74.43
Maple Leaf Foods up $ 0.08 at $ 26.78
Nutrien Ltd. up $ 0.46 at $ 72.82
Ritchie Bros Auctioneers Inc. dn $ 0.85 at $ 74.11
(All figures are in Canadian dollars.)
